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Aptos [APT] market weakened further- Will bears enjoy more benefits?

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Aptos [APT] market weakened further - Will bears enjoy more benefits?

Disclaimer: The information presented does not constitute financial, investment, trading, or other types of advice and is solely the writer’s opinionmarket structure declined further and breached key support. It is worth noting that APT posted about a 500% hike in the January rally, rising from $3.4 to $20.4.

APT has been struggling below descending line , delaying any strong recovery that could flip the market into a bullish structure. Bears could sink APT to the 23.6% Fib level , especially if BTC retests or breaks below $21.60K. Long-term bears could place stop losses above the 38.2% Fib level and target the $10.1773 price level.

 

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