Aptos has a bullish structure on the higher timeframes, but the findings from the volume indicators showed a near-term price dip is possible.
at $7.66. The $5.6 support was defended valiantly since July. The volatility across the crypto market hit APT too, but the $5.6 was not ceded.
To change the consolidation from June into an uptrend, Aptos bulls must continue to push prices higher and make a higher low and higher high in the coming weeks. To the north, the daily bearish order blocks at $10 and $14 are the next pivotal resistances for APT. The price reaction in these areas will illuminate whether the uptrend can continue.The breach of the $7.66 was accompanied by an increase in the Open Interest. This showed bullish sentiment in the short-term in the futures market. This positive funding rate buoyed the likelihood of further gains.Yet, while Aptos rose above $8.1, the spot CVD has been in decline over the past two days.
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