Aptos (APT) Price Rises 15% After Token Unlock Fears
apartment(easy) has risen nearly 15% in the past 24 hours, recovering strongly after losing $2 billion in market capitalization before $134 million of the token was unlocked. Despite recent bearish signals, such as a death cross formation and a 10% price drop, APT is still showing signs of a potential trend reversal.
Indicators such as the Ichimoku Cloud and EMA lines suggest that bullish momentum could push APT to test levels near $15 if the uptrend continues. However, key support at $13.38 remains critical; a move below this level could lead to a deeper correction.
Aptos Uptrend Overtakes Downtrend Indicator
apartment The DMI chart shows its ADX at 32.96, down from 42 yesterday, indicating the trend is weakening in strength. This decline comes after a strong correction, indicating that the previous trend is losing steam.
Despite the decline in ADX, the indicator remains above the threshold of 25, indicating that the trend remains moderately strong, although not as dominant as before.
ADX (Average Directional Index) measures the strength of a trend, regardless of direction. Values below 20 indicate a weak or non-existent trend, while readings above 25 indicate a strong trend.
After adjustments in recent days, D+ has broken through D-. Currently, D+ is 29.7 and D- is 23.1. This crossover signals a possible shift to bullish momentum, suggesting APT may be poised for a near-term recovery if buying pressure persists.
APT Ichimoku Cloud Shows Strong Upside
This Ichimoku cloud picture is apartment The price is shown to be slightly above the cloud, which indicates a bullish bias. Green clouds ahead indicate potential support, while relatively flat cloud tops suggest that resistance around $14 may be substantial.
Tenkan-sen (blue line) and Kijun-sen (red line) are converging, indicating a consolidation phase or a possible slowdown in bullish momentum.
If the price manages to stay above the clouds and the reversal line crosses above the Kijun-sen again, it could signal fresh bullish momentum with potential upside targets near $14.5 or higher.
However, if APT price A move back into the clouds could indicate indecision, with support near $12.5 coming into play. A break below the cloud would shift the bias to bearish, opening the door to a retest of lower levels.
Aptos Price Prediction: Back to $15 Soon?
APT’s EMA lines present an interesting setup. On December 9, they formed a death cross, with the short-term EMA below the long-term EMA, signaling a bearish trend.
followed by Price drops more than 10%consistent with the bearish impact of the crossover. Death cross shows briefly dominant selling pressure Aptos price action.
However, apartment A recovery has since begun, with the shortest-term moving average now close to crossing back above the other moving averages, potentially forming a bullish crossover. If this happens, it could trigger a strong move higher with price targets of $14.88 or even $15.34.
On the contrary, if APT price If it fails to maintain its current momentum and loses support at $13.38, it could face another downturn, possibly as low as $12.3.
Disclaimer
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