The latest Aptos price analysis shows that the Bears have successfully secured the winning seat once again. The market has been following a strong bullish trend for the past week, intensifying the bullish momentum. But now, it seems that the selling momentum is recharging as the cryptocurrency experienced a loss in its market value up to $8.13 extreme.

The market cap plummeted 3.63 percent to $1,607,803,008 due to the latest price drop. However, the 42.88% increase in 24-hour trading volume to $108,953,713 suggests that buyers are trying to accumulate Aptos at the current levels, which could support APT’s price. Furthermore, with the firm buying support at lower levels, the bulls may attempt to capitalize on it and increase the price.

Aptos price analysis 1-day price chart: APT travels low as selling momentum renews

The one-day Aptos price analysis gives a negative hint regarding the ongoing market trends, as a decline in coin value has been observed. The bearish rally disrupted the bullish wave, as the sellers are trying to make their way toward a comeback. As the selling activity is seemingly expanding, the APT/USD value has been lowered up to the $8.13 mark.

Chaikin Money Flow (CMF)- The CMF values indicate that the capital outflow is dominating the market as its value crosses below -0.10 levels. The Relative Strength Index (RSI)– As the RSI marker lies at 36.86 levels, it suggests that APT/USD has slipped into an oversold zone and could rebound with a strong upside rally. Furthermore, with the MACD lines moving below zero levels, it indicates that the current market trend is bearish in nature and that selling pressure can increase further if sellers can breach the key support levels.

Aptos price analysis on 4-hour chart: APT pair at risk of further losses

The 4-hour chart for Aptos price analysis reveals a potential trend reversal as the bears have taken control of the market. The sellers are now attempting to increase their dominance, and if they manage to breach the support levels at $8.00, then the APT/USD pair could suffer further losses; however, if the buyers manage to make a comeback and push prices higher, then the resistance at $98.55 could be tested.

The 4-hour moving average indicator shows that the coin is trading below its 20-day SMA and 50-day EMA, which suggests a bearish trend. On the other hand, the RSI could be seen at 42.04 levels with no extreme momentum. The CMF chart indicates capital outflow and demonstrates that more sellers are presently active in the market than buyers. The MACD indicator also shows a bearish crossover; histogram values have dropped below zero levels suggesting that the bearish trend might continue.

Aptos price analysis conclusion

Overall, Aptos price analysis shows a negative market sentiment as buyers are facing strong selling pressure and could suffer further losses if they fail to break the resistance level. The support level of $8.00 could act as a savior for the bulls and can help them gain some momentum. However, if the sellers manage to breach this level, then further losses are expected in the near future.