The Aptos (APT) price is trading between crucial support and resistance levels. Whether it breaks out or down could determine the future trend.
The price action and Relative Strength Index (RSI) readings both provide mixed signs. So, both the bullish and bearish possibilities currently remain intact.
Aptos Price Approaches Yearly Low
The APR price has fallen under a descending resistance line since the beginning of February. Therefore, the trend can be considered bearish as long as the line is in place.
Throughout this time, the APT price has traded above the long-term $10.20 horizontal support area.
The area is crucial since it previously provided resistance in October 2022 and had then turned to support.
At the beginning of May, the APT price broke down from the area, a sign of a bearish trend.
Then, it reached a low of $7.70 on May 12. The low validated the $8 horizontal area as…
