Aptos (APT) prices have surged 8.93% in the past 7 days, raising questions about the sustainability of this upward trend. Despite the recent impressive gains, technical indicators are beginning to show complex signals.
So whether APT can continue to rise or face a correction will depend on how these trends unfold in the coming days.
APT RSI is far from overbought
Aptos (APT) RSI is currently at 53.75, lower than the 76 four days ago. This decline indicates that buying pressure has eased from recent peaks, suggesting that market activity may enter a cooling-off period. However, the current RSI level still shows a neutral to mildly bullish outlook.
RSI, or relative strength index, is a momentum indicator that measures the speed and change of price movements. It ranges from 0 to 100, with values above 70 indicating overbought conditions and values below 30 indicating oversold conditions. An RSI around 50 reflects a balanced state with buying and selling pressures nearly equal.
APT’s RSI is at 53.75 points, indicating that despite recent increases, the market has not yet become excessively expanded. APT prices have risen by 24% in just one week. This level suggests that there may still be room for growth as the RSI is still below the overbought threshold of 70.
If the bullish momentum resumes, APT prices may continue to rise, potentially pushing the RSI higher but without immediate risk of reversal. This positioning allows for further growth before reaching levels that typically indicate caution.
Ichimoku cloud shows a possible temporary end to Aptos’ significant rise
Aptos’ Ichimoku cloud K-line chart shows an overall bullish trend, as indicated by the current trading price levels above the green cloud (kumo). This configuration suggests positive market sentiment with buyers in control. The cloud acts as a support area, and as the price remains above this area, APT has demonstrated resilience and strength in recent price movements.
In addition, the leading span A (green) is higher than the leading span B (red), reinforcing the bullish sentiment and indicating potential support during short-term price declines.
Tenkan-sen (blue line) and Kijun-sen (red line) also show mixed signals. While Tenkan-sen is still slightly above Kijun-sen, indicating a continued bullish momentum, their recent convergence suggests a loss of momentum. If the turning line crosses the baseline, it may indicate a potential trend reversal or at least a weakening of the current upward trend.
Furthermore, the green Chikou span (lagging line) is higher than the price, supporting the continued bullish outlook, but traders should be aware of any potential changes that may indicate a pullback. Overall, the Ichimoku K-line chart indicates that APT is still in a bullish position, but the narrowing gap between key lines suggests that the momentum may waver.
APT price prediction: If this scenario occurs, the token could surge by 76%
APT’s EMA lines are currently bullish, with the short-term line above the long-term line. However, the distance between these lines has significantly narrowed, indicating a potential weakening of the bullish momentum. When the gap between the short-term and long-term EMA shrinks, it usually indicates that the trend may be losing strength and could reverse soon.
EMA lines, or exponential moving average lines, help determine the direction and momentum of price trends by giving more weight to recent data points. In the case of APT, the current EMA setup reflects a sustained upward trend, but the narrowing separation suggests that the market’s strength may waver.
If the current upward trend remains intact, APT could soar to $14.42, breaking this resistance level could push the price up to $17.89, the highest level since April 1. Such a trend would mean a 76% increase in APT prices, indicating strong bullish potential if the momentum continues.
However, as indicated by the Ichimoku cloud chart and EMA lines, the upward trend may become weaker. If the trend reverses, APT prices could test the support level at $8.45 or even drop to $7.86.
