Aptos has been on a severe downtrend since February after the strong rally in January. Can the bulls reverse the tide of selling in June?
to the network. Moreover, other positive developments were seen too such as a rise in network activity and a decline in gas fees in recent weeks. Ergo, a look at Aptos Price Prediction makes a lot of sense.Yet, as it very often happens, good news for users does not translate into price gains for the token itself. APT has been on a severe downtrend since February, although the last three weeks saw some stability around the $8-level.
That might not occur instantly and the price could consolidate within or just above the golden pocket before another rally. Therefore, the $6.8-$9.7 area is one that investors with a longer investment horizon can keep an eye on. Since 9 May, this downtrend appeared to have been arrested. No new lows have yet been made. Moreover, the region where this occurred was especially interesting. The $7.6-$8.3 zone represented a bullish order block on the daily timeframe from 17 January.When Aptos’ prices rocketed skyward in January, the bears forced a halt in the $8-$8.5 zone for a few days. If we go further back in time, the price action from late October shed light on why the $8.3-zone was an important resistance.
Just like the daily timeframe, the 4-hour RSI also showed strong bearish momentum. The market structure of APT seemed bearish, but it is possible that the range lows could yield a minor bounce in prices.
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