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Title: Aptos (APT) Price Struggles Below $4.50 as Technical Indicators Signal Bearish Momentum
Aptos’ APT token is currently trading at $4.32 (-2.51% in 24 hours), with bearish technical signals emerging across multiple timeframes. The token’s fundamental developments, including recent exchange listings and technical milestones on its decentralized Layer 1 mainnet, have failed to translate into meaningful price appreciation.
The Aptos daily RSI has fallen to 44.12, placing the cryptocurrency firmly in neutral territory with a clear bearish bias as it approaches oversold conditions. This momentum indicator suggests that selling pressure is building without yet reaching extreme levels.
Furthermore, the MACD indicator presents a more concerning picture for APT bulls, with the MACD line at -0.0708 and the signal line at -0.0467. The negative histogram value of -0.0241 confirms bearish momentum is accelerating, a pattern typically preceding further downside moves in the APT price.
The Bollinger Bands position also provides insight into current market dynamics. Trading at $4.32 with a %B position of 0.1743, Aptos sits near the lower band at $4.17, indicating the token approaches oversold territory. The upper band resistance at $5.00 represents a significant hurdle that would need to be overcome for any meaningful recovery.
The moving average structure paints an equally unflattering picture. APT trades below all major moving averages, with the SMA 7 at $4.45, SMA 20 at $4.59, and SMA 200 at $5.09 serving as overhead resistance levels.
In conclusion, Aptos’ price is facing a critical juncture at its current level, as technical indicators signal an additional downturn despite positive fundamental developments.
Source: Blockchain.News
