Aptos (APT) Faces Continued Price Struggles Below $5 Resistance
Aptos (APT) has experienced a 15% decline over the past month, falling below $4 for the first time in two years. Analysts indicate that APT needs to reclaim the $5 resistance level for any bullish momentum.
Aptos Price Analysis
- Price dropped to lowest levels since 2021, trading below $4.
- Historically, APT has developed bases around current levels during downtrends.
- Recent price action includes a bearish rejection from previous Macro Range lows.
- Current support is at $3.9, with a bounce to $4.2-$4.5 range.
- Analyst Rekt Capital warns of risks if the $5.44 level is not reclaimed.
APT needs to reclaim the $5.44 Range Low level as support to confirm readiness for higher prices.
Market Sentiment and Future Outlook
- Analyst Sjuul states no bullish trend until $5 resistance is broken.
- APT has been forming a falling wedge pattern; breakout needs confirmation this week.
- Rekt Capital highlights that an RSI of 35 could signal a potential reversal if broken.
- As of now, APT is priced at $4.5, reflecting a daily decline of 1%.
