Aptos (APT) Stays Subdued

The Aptos token has recorded only minimal gains so far today. As a result, the market seems largely subdued and may proceed lower subsequently. Therefore, this market can still be said to maintain a downward trajectory. Let’s take a closer look at this market below.

Aptos Statistics

Current Price: $4.365

Market Capitalization: $2.78B

Circulating Supply: 642.81M

Total Supply: 1.15B

CoinMarketCap Rank: 33

Key Price Levels

Resistance: $4.500, $5.000, $5.500

Support: $4.000, $3.500, $3.000

APT Retreats Below Key Technical Levels

The Aptos daily market has been trending downward since February. However, the most recent downward retracement occurred in mid-May. The ongoing session is represented by a compressed downward price candle appearing below the 9-day Exponential Moving Average (EMA) line.

Also, the Moving Average Convergence Divergence (MACD) curves are below the equilibrium level and have a slight downward trajectory. Consequently, although the corresponding price candle is green, the overall downward trajectory appears to remain intact.

Aptos Eyes Lower Price Levels

Even on the APT 4-hour chart, it can be seen that price action continues on a bearish course. As a result, the price has fallen back below the 9-day EMA line. The latest price candle is red, suggesting the market may head further south.

The MACD indicator line remains below the equilibrium level, while the histogram bars are now pale green and above the equilibrium line. The terminal ends of the MACD lines are pointing sideways, indicating that downward forces are gaining ground. Therefore, traders in this market may target the $4 price level for short-term gains.

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