🔥 $APT Market Analysis & Prediction 🧐
📉 Current Price: $9.54 (-15.72%)
⚡ 24H Range: $9.04 - $11.23
📊 Market Insights:
$APT has dropped over 15% in the past 24 hours, testing a key support zone around $9.00. The bearish trend continues with lower highs and lower lows on the daily chart.
Resistance Levels:
$10.00: Immediate resistance; breaking this could signal a potential recovery.
$12.00: Strong resistance level for a sustained bullish move.
Support Levels:
$9.00 - $8.80: Critical support zone; a break below could trigger more selling.
$8.00: Next major support if the current zone fails to hold.
🔮 Prediction:
Bearish Scenario:
If $APT falls below $9.00, it could continue its decline to test the $8.00 level. The downtrend remains intact unless the price recovers above $10.00.
Bullish Scenario:
A bounce from $9.00 and a breakout above $10.00 could lead to a relief rally towards $12.00, although the overall trend remains bearish.
📌 Suggested Strategy:
Short Traders: Consider entering below $9.00, targeting $8.50 and $8.00.
Long Traders: Wait for confirmation of a bounce from $9.00 and a breakout above $10.00 before entering.