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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