Crypto Trader Forecasts Aptos (APT) Price Crash, These Local Supports Could Be ‘Easily’ Broken
Crypto trader Crypto Jobs has highlighted the potential price crash for Aptos (APT), with local support levels in danger of being broken. According to Crypto Jobs’ tweet, APT’s price could continue its downward trend, possibly reaching crucial support zones if the bearish pressure persists.
Moreover, a chart shared by Crypto Jobs highlights several technical signals supporting a bearish outlook for Aptos. The price has fallen below the Ichimoku Cloud, a key indicator that typically signals a continuation of downward momentum. This aligns with the trader’s forecast, indicating strong selling pressure in the current market.
The ongoing bearish trend is further emphasized by a downward-sloping trendline. Price action has consistently respected this trendline, confirming the prevailing negative sentiment surrounding Aptos. If the current selling momentum continues, the $8.00 support level could face a test in the near future.
What you'll learn 👉
APT Support Levels at Risk of Breach
The primary focus for traders now is the key support level at $8.00. This level has emerged as a crucial zone for bulls trying to prevent further price declines. However, the chart’s indicators suggest that this support could be breached easily, as the trader predicted.
If the $8.00 support fails to hold, the next target would be around $7.80. This secondary support, marked by dashed red lines on the chart, also appears vulnerable if bearish pressure continues to mount. Breaking through these levels would confirm a continuation of the current downtrend.
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Bearish Signals from the Ichimoku Cloud
Tenkan-sen and Kijun-sen lines of the Ichimoku system have crossed to create a bearish crossover, therefore verifying the bearish perspective. This crossover and current strong bearish candles point to a clear continuation of down pressure.
APT traders are closely watching these indicators, as they suggest that local support levels may not hold up against the sustained selling momentum. The next few days will be crucial for determining whether Aptos can maintain support or if further declines are on the horizon.
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