$APT eyes $14.42, but here’s why a pullback may come first - AMBCrypto Analytics
APT is poised for further upward momentum after successfully trading above the $10.41 mark, a level that previously presented significant selling pressure. In the past 24 hours, APT’s trading volume surged by 174.19%, hitting $581.21 million, while its market capitalization rose by 20.86% to $5.17 billion.
For APT to reach its short-term target of $14.42—identified as a significant liquidity zone—it must first break through the $10.41 resistance. Sustaining this positive volume growth is crucial; if APT fails to clear this resistance, it may retrace to the $8.39 support level, where renewed buying interest could be necessary for its upward trajectory.
AMBCrypto’s analysis indicates a potential pullback in the near term. Key technical indicators such as the RSI and CMF suggest that APT might see a minor decline before continuing its ascent toward the $14.42 target. The CMF indicates a slight sell-off, reflecting some traders taking profits, while the RSI has shown a slight downward tilt, signaling decreasing momentum.