Aptos pushed its Node Release v1.2.4, which came with multiple new features and capabilities. Aptos’ network help was in check, but APT’s price plummeted.
The plummet was accompanied by an increase in trading volume, which was most likely because investors were selling their assets. It is to be noted that negative sentiments around APT also spiked during this period, which was not a good sign for the token.
Nonetheless, APT’s one-week price volatility declined lately and this reduces the chance of another unprecedented price drop in the near term.A look at APT’s daily chart revealed more reasons for concern, as most of the market indicators were favoring the bears. For example, the Exponential Moving Average Ribbon displayed a bearish crossover.’s Relative Strength Index was resting below the neutral zone, suggesting that a further price decline was likely.
The Chaikin Money Flow also registered a dip, which can be pretty troublesome for bulls in the future. However, APT’s Money Flow Index remained bullish as it went up slightly.
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