![Aptos [APT]: At overbought highs, here’s how profit-taking might affect you](https://i.headtopics.com/images/2023/1/23/cryptoamb/aptos-apt-at-overbought-highs-here-s-how-profit-ta-aptos-apt-at-overbought-highs-here-s-how-profit-ta-1617304355878707200.webp)
APT’s price went up by over 90% in the last week. The altcoin was severely overbought at press time, and a price correction might be imminent. Aptos [APT] rallied by 92% in the last week, making it the crypto asset with the most gains in the last seven days, data from CoinMarketCap showed. During the […]
The altcoin was severely overbought at press time, and a price correction might be imminent.
showed. During the intraday trading session on 21 January, APT’s value rose by 56% to trade above $12. This represented a four-fold increase from its lowest price of $3 in December 2022.With a 10% jump in price in the last 24 hours, APT ranked as the asset with the most gains during that period. It is key to note that when an asset’s RSI or MFI is “significantly overbought,” it means that the asset’s recent price increases have been substantial and rapid, and the indicators are indicating that the asset is becoming overvalued. This is a signal that the asset’s price may be due for a correction as many will seek to take profit at these levels.
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