Brief Analysis ——APTToday we bring a brief analysis for two tokens. They are AMEX:APT and $SUI. If you are a veteran in crypto, you will know that both projects are built on the MOVE language. And they all have the DNA of Diem, a famous blockchain created by Facebook.
At the beginning of 2023, APT rose by nearly 500%, and then the price entered a long-term fall. During the fall, the trading volume gradually decreases and the high point of each rebound is lower than the previous one. Price entered a rebound again in mid-June, but the bulls didn’t strengthened. Price has entered into the fluctuation for a month. Recently, the volatility of APT has decreased and the price is close to the lower rail of the range. The strength of the bulls and bears decayed last week.
Conclusion: Mostly falling. Although the price has been in a narrow range for a week, the gap between bulls and bears is not obvious. But APT maintained bearish on a large scale. So we come to this conclusion. We set resistance level at 7.9 and support level at 5.4.
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Disclaimer: Nothing in the script constitutes investment advice. The script objectively expounded the market situation and should not be construed as an offer to sell or an invitation to buy any cryptocurrencies.
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