Why APT is maintaining a low profile despite Aptos’ latest partnerships

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Why APT is maintaining a low profile despite Aptos’ latest partnerships
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Aptos has been gaining momentum on the business front considering the number of partnerships for the network. However, that hasn't led to any bullish momentum for APT.

Despite the bearish outcome, it was worth noting that APT’s latest pullback threatens to push it back to price levels below $5. Its historic performance indicated that there was a strong support level just below that price range.APT’s current performance could be considered as a classic tale of weak demand that failed to sustain a proper recovery. This was evidenced by the low investor sentiment in the market.

The weighted sentiment metric, at press time, was at its lowest level in the last four weeks.APT’s social dominance also tanked back to a monthly low. However, it was worth noting that Aptos had multiple developments under its belt. This was in line with the healthy development activity that it maintained in the last four weeks.While APT’s current situation reflected the lack of bullish momentum, Aptos’ developments may still support a favorable outcome.

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