![Aptos [APT] slides to $10 psychological zone, watch out for this level](https://i.headtopics.com/images/2023/4/25/cryptoamb/aptos-apt-slides-to-10-psychological-zone-watch-ou-aptos-apt-slides-to-10-psychological-zone-watch-ou-1650628937360261124.webp)
Aptos [APT] dropped to a key confluence support area of $10, but selling pressure looms large. Can bulls inflict a recovery?
and a break below $27k could offer sellers more leverage. The king coin’s price rejection at $30k has set altcoins in extended correction. If BTC retraces further, APT could inflict a bearish breakout and offer more shorting opportunities.On the 12-hour charts, technical indicators – RSI and stochastic RSI, had hit oversold conditions. The oversold condition reinforces the prevailing bearish sentiment but also means sellers may take a break soon.
If that’s the case, buyers could attempt to secure the $10 support. The channel’s lower boundary also lines up with the descending trendline and offers more resistance to sellers. Ergo, buying at current levels could provide a good risk ratio if APT defends $10 and rallies to the upper channel’s boundary of $14.Alternatively, sellers could inflict a bearish breakout, invalidating the above thesis.
The breach could sink APT to $5.95 and could be accelerated if BTC falls below $27k. Notably, the OBV dipped – evidence of limited trading volumes, which could favor sellers.
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Our gotta-have-it guide to the best mascarasFrom waterproof to tints to vegan, plus a gem under $10
Read more »
Our gotta-have-it guide to the best mascarasFrom waterproof to tints to vegan, plus a gem under $10
Read more »
Our gotta-have-it guide to the best mascarasFrom waterproof to tints to vegan, plus a gem under $10
Read more »
Our gotta-have-it guide to the best mascarasFrom waterproof to tints to vegan, plus a gem under $10
Read more »
Parker: New owners enjoy early success with Frank Hall Estate AuctionsFrank Hall estimates he has sold close to 400,000 pieces during his time as an auctioneer — from a $10 item to an $850,000 painting.
Read more »