APT Price Drops to $4.93 as Bearish Pressure Mounts
Aptos (APT) is currently trading at $4.93, marking a -2.45% decrease in the last 24 hours. The significant trading volume of 5,954,225.56 APT suggests heightened market activity, with bearish sentiment prevailing among traders. The decline indicates increased selling pressure in the APT market.
The price drop to $4.93 follows a period of relative stability for APT. This downward movement suggests a potential shift in market sentiment, with bears gaining the upper hand. The decline might be attributed to profit-taking by earlier investors or broader market corrections.
The current market capitalization stands at 28,884,554.94 USDT with a circulating supply of 169,817 işlem. The substantial 24-hour volume indicates active participation from traders and investors. This high volume, coupled with the price decrease, suggests strong selling pressure.
Immediate support for APT appears to be around the $4.80 level. If this level breaks, the price could potentially test the $4.70 mark. On the upside, resistance lies at the $5.00 psychological level, followed by the $5.10 mark.
Observing the recent price action, APT seems to be forming a descending triangle pattern, which is typically considered a bearish signal. A break below the lower trendline of this triangle could accelerate the downward momentum. However, a bounce from the current level could invalidate this pattern and signal a potential short-term recovery.
In the short term, APT’s price could experience further downside, particularly if the $4.80 support level is breached. The prevailing bearish sentiment suggests that sellers might continue to exert pressure on the price in the near future.
Key levels to watch for APT include the immediate support at $4.80 and the resistance at $5.00. A break below $4.80 could trigger further declines, while a sustained move above $5.00 could signal a potential reversal of the current downtrend.
Final Summary:
- Current Price: 4.93 USDT
- 24h Change: -2.45%
- Market Cap: 28,884,554.94 USDT
- 24h Volume: 5,954,225.56 APT
- Circulating Supply: 169,817 işlem
