Aptos Crypto (APT) has been experiencing a steady recovery since mid-April. Its price action during the weekend indicated that the bulls were slowing down.
It even signaled that short-term traders were taking some profits off the table. Aptos crypto (APT) rallied by as much as 20.10% from its $4.76 weekly low to its highest price for the week at $5.68 weekly high on Saturday.
However, it experienced a spike on Sunday, during which it pulled back by 4.48%. Its latest upside pushed its total recovery to about 45% from its lowest price point in April.
Source: TradingView
It is however worth noting that APT bulls still managed to maintain dominance in the last 24 hours, preventing more downside. Nevertheless, price has been showing signs of resistance near the $5.6 price level.
The limited sell pressure confirmed that most Aptos crypto holders were not yet ready to part with their coins. A sign that the market sentiment was shifting away from short term profit-taking. This w
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