The price of Aptos is predicted to experience a similar decline as other cryptocurrencies due to the current sluggish crypto market conditions and consolidation, as there are no new catalysts to drive the overall crypto assets. Aptos is currently trading at $7.54 and is in its consolidation range between $7.2 - $7.8. This consolidation range is likely to break, and APT may experience a decline based on the indication of a head and shoulder pattern, which suggests a weakening of the price. However, the HnS pattern has not been confirmed yet, so caution is advised.
Traders need to be watchful of the potential downturn at the $6.92 price level, which serves as the neckline support. If APT breaks below the $6.92 area, it is predicted to head towards the $5.93 area as the strongest support. At present, spot traders are better off adopting a wait-and-see approach. In terms of the RSI index, APT is currently at 18, indicating that it is already oversold, but on the other hand, APT has not reached its maximum support point yet.
Traders need to be watchful of the potential downturn at the $6.92 price level, which serves as the neckline support. If APT breaks below the $6.92 area, it is predicted to head towards the $5.93 area as the strongest support. At present, spot traders are better off adopting a wait-and-see approach. In terms of the RSI index, APT is currently at 18, indicating that it is already oversold, but on the other hand, APT has not reached its maximum support point yet.
Trade closed: target reached