Aptos recently concluded its NYC event in partnership with KYD Labs. The on-chain metrics supported the massive price hike but the indicators were bearish. Aptos [APT] surprised the crypto industry over the last few days by registering massive price gains. According to CoinMarketCap, APT’s price increased by nearly 40% in the last seven days, and […]
’s daily chart revealed quite a few indicators that suggested otherwise. For instance, the Relative Strength Index was in the overbought zone and registered a downtick.
The Money Flow Index was also hovering near the overbought zone, which looked concerning. APT’s Chaikin Money Flow , on the other hand, declined and was heading toward the neutral mark, further suggesting that the price surge might end soon. Nonetheless, the MACD was still in the bulls’ favor.That being said, it was pretty evident that the bull rally might continue for a little more time before the demand for APT gets arrested by the bears.Subscribe to get it daily in your inbox.
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