Aptos price defended $5.50 support and showed a minor bounce.
APT price is trying to climb above the descending channel pattern.
Aptos price fell 26.06% last month and tested the previous $5.50 low. However, the buyers of APT succeeded in defending the $5.50 support and showcased a minor recovery. It indicates that bulls are getting active and trying their best to reverse the APT price trend in an upward direction.
Presently, Aptos price seems to be stuck in a descending pattern. The APT crypto price has formed a strong base near $5.50 so downside risk seems low. However, the price is still trading below the 50-day and 200-day EMA.
In December 2024, Aptos price hit a high of $15.37. However, bulls can’t maintain the bullish momentum, and the price halts down from there. It triggered a negative sentiment and resulted in panic selling in the crypto price.
According to CoinMarketCap data, currently, Aptos price is trading at $6.32 with an intraday rise of 13.42%. The
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