NewsBTC

26 January 2025
Updated 27 January

1 0

Aptos Price Faces Potential 50% Decline to $4.30

Investor confidence in the altcoin market has declined, reflected by the performance of the APT token. After peaking over $10 in January, Aptos has fallen to around $8.

The Reasoning Behind APT's Potential 50% Correction

Crypto analyst Ali Martinez predicts a bearish trend for Aptos. Key points include:

• A head-and-shoulders pattern identified on the 12-hour chart indicates a potential price decline.
• This pattern is characterized by three price highs, suggesting a possible bearish reversal.
• The neckline, currently around $8, may be tested again; repeated testing increases the likelihood of a breakdown.
• If Aptos breaks below $8, it could drop to $4.30, representing nearly a 50% decline from current levels.
• A close above $10.50 would invalidate this bearish outlook.

Aptos Price At A Glance

The APT token is currently valued at approximately $8.13, down nearly 2% in the past 24 hours and over 11% in the last week according to CoinGecko data.