APTOS (APTUSD) Price May Reach the $25.00 Supply Mark amid Market Uncertainty
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Aptos (APTUSD) Price Forecast: February 2
There is a possibility for the Aptos (APTUSD) price to reach the $25.00 supply mark despite the uncertainties in the market. This will be attained, if there is an interruption by buyers, the bullish correction pattern may increase the coin price to retest the $19.49 previous high which might possibly hit the $25.00 upper supply trend line and beyond.
Key Levels:
Resistance Levels: $19.00, $20.00, $21.00
Support Levels: $14.00, $13.00, $12.00
APTOS (USD) Long-term Trend: Bullish (4H Chart)
Aptos price is in a bullish posture and also trades in an uptrend even though the short traders are involved in its long-term outlook. The price bar can be seen trading above the EMA-50 which confirms its uptrend.
The high order flow from the bulls at the $17.44 high value during yesterday’s session also added to this bullishness in its recent high.
The coin price finds resistance at the $16.67 value above the EMA-50 but below the EMA-9 as the 4-hourly session opens today. This suggests an uptrend in the context of the strength of the market and also shows that buyers are still in dominant the price actions at the present.
The ongoing bullish recovery will remain intact until the coin price sustain above the pattern’s supply trend line. However, traders who buy at the current price will also have more gains in the future as well.
Further, there is likely to be a further breakout attempt soon as the price of APTUSD now points upward in the oversold region. If the bulls could change their orientation and push harder, the next bullish race may possibly reach the $25.00 upper resistance trend line in the coming days in its higher time frame.
APTOS (USD) Medium-term Trend: Bearish (1H Chart)
The cryptocurrency is in a bearish market zone in its medium-term outlook. The bears are now involved in the order flow.
The sustained bearish pressure on the crypto at the $16.61 low value during the previous action has dropped the coin price below the trend level.
After completing the low dips, the bulls made a corrective move to the $16.72 resistance level below the moving average lines to resume the uptrend as the 1-hourly chart opens today. This bullish continuation pattern occurs in an uptrend and indicates a potential trend reversal.
Next, we can expect the emergence of more buy investors as the selling pressure is exhausted already, as indicated by the daily stochastic. Thus, the next bull race may possibly reach the $25.00 upper supply mark as we watch the bulls take over the market conditions sooner in its medium-term perspective.
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