Discover APT's potential rally to $9.57 amid mixed market signals and bullish indicators, highlighting key technical and on-chain metrics.
has seen a notable decrease, dropping 8.09% in value over the past 24 hours. Despite this drop, the asset’s overall outlook remains bullish, buoyed by a 36.63% gain over the month.Using the 4-hour time frame, APT appears bullish, having pulled back to a resistance-turned-support level that could serve as a catalyst for upward movement.
If this support level is maintained, APT is expected to revisit its previous high at $9.56, where a major liquidity cluster is located. Otherwise, it might trade lower, finding temporary support at $7.81.Technical indicators like the Parabolic SAR and the Aroon Line reveal that APT might appear bearish at a glance, but underlying trends suggest a continued bullish stance, according to AMBCrypto.
Similarly, the Aroon indicator, which employs two lines—the Aroon Up and Aroon Down —to gauge market movements, supports the bullish outlook.
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