{"id":149094,"date":"2023-09-03T22:56:49","date_gmt":"2023-09-03T17:26:49","guid":{"rendered":"https:\/\/dripp.zone\/news\/?p=149094"},"modified":"2023-09-03T22:56:49","modified_gmt":"2023-09-03T17:26:49","slug":"aptos-stalls-at-5-6-level-will-sellers-benefit-crypto-news","status":"publish","type":"post","link":"https:\/\/dripp.zone\/news\/aptos-stalls-at-5-6-level-will-sellers-benefit-crypto-news\/","title":{"rendered":"Aptos stalls at $5.6 level &#8211; Will sellers benefit? &#8211; Crypto News"},"content":{"rendered":"<p><\/p>\n<div>\n<div class=\"single-post-author-top\">\n<p>\t\t\t\t\t\t\t\t<img loading=\"lazy\" decoding=\"async\" data-del=\"avatar\" src=\"https:\/\/statics.ambcrypto.com\/wp-content\/uploads\/2023\/07\/Benja-80x80.jpeg\" class=\"avatar pp-user-avatar avatar-48 photo \" height=\"48\" width=\"48\" \/><\/p>\n<p>Journalist<\/p>\n<\/p><\/div>\n<p>\t\t\t\t\t\t\t\t<span class=\"mvp-post-date updated\">Posted: September 3, 2023<br \/>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/span><\/p>\n<\/p><\/div>\n<div>\n<p><i><span style=\"font-weight: 400\">Disclaimer: The information presented does not constitute financial, investment, trading, or other types of advice and is solely the writer\u2019s opinion.<\/span><\/i><\/p>\n<ul>\n<li style=\"font-weight: 400\"><em><span style=\"font-weight: 400\">APT recovery struggled to reclaim the range low of $5.6 convincingly.\u00a0<\/span><\/em><\/li>\n<li style=\"font-weight: 400\"><em><span style=\"font-weight: 400\">Funding rates were negative, while Open Interest rates didn\u2019t improve.<\/span><\/em><\/li>\n<\/ul>\n<p><a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/ambcrypto.com\/search\/APT\" data-wpel-link=\"internal\"><span style=\"font-weight: 400\">Aptos\u2019 [APT]<\/span><\/a><span style=\"font-weight: 400\"> range-low of $5.6 prevented further recovery attempts and could be exploited by sellers. APT oscillated between $6.06 and $5.59 in the second half of August but formed a bearish break-out, offering sellers more leverage. It struggled to reclaim the range low in the last few days and could present extra shorting gains.\u00a0<\/span><\/p>\n<hr \/>\n<p style=\"text-align: center\"><span style=\"font-weight: 400\">Is your portfolio green? Check out the <\/span><a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/ambcrypto.com\/calculator\/aptos-profit-calculator\" data-wpel-link=\"internal\"><span style=\"font-weight: 400\">APT Profit Calculator<\/span><\/a><i><span style=\"font-weight: 400\">\u00a0<\/span><\/i><\/p>\n<hr \/>\n<h4>Will sellers exploit the range low?<\/h4>\n<div id=\"attachment_340545\" style=\"width: 1960px\" class=\"wp-caption aligncenter\"><a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/statics.ambcrypto.com\/wp-content\/uploads\/2023\/09\/APTUSDT_2023-09-03_06-20-47.png\" data-wpel-link=\"internal\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-340545\" class=\"size-full wp-image-340545\" src=\"image\/svg+xml,%3Csvg%20xmlns=\" alt=\"Aptos price analysis\" width=\"1950\" height=\"1109\" data-lazy-srcset=\"https:\/\/statics.ambcrypto.com\/wp-content\/uploads\/2023\/09\/APTUSDT_2023-09-03_06-20-47.png 1950w, https:\/\/statics.ambcrypto.com\/wp-content\/uploads\/2023\/09\/APTUSDT_2023-09-03_06-20-47-300x171.png 300w, https:\/\/statics.ambcrypto.com\/wp-content\/uploads\/2023\/09\/APTUSDT_2023-09-03_06-20-47-1024x582.png 1024w, https:\/\/statics.ambcrypto.com\/wp-content\/uploads\/2023\/09\/APTUSDT_2023-09-03_06-20-47-768x437.png 768w, https:\/\/statics.ambcrypto.com\/wp-content\/uploads\/2023\/09\/APTUSDT_2023-09-03_06-20-47-1536x874.png 1536w\" data-lazy-sizes=\"(max-width: 1950px) 100vw, 1950px\" data-lazy-src=\"https:\/\/statics.ambcrypto.com\/wp-content\/uploads\/2023\/09\/APTUSDT_2023-09-03_06-20-47.png\" \/><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-340545\" class=\"size-full wp-image-340545\" src=\"https:\/\/statics.ambcrypto.com\/wp-content\/uploads\/2023\/09\/APTUSDT_2023-09-03_06-20-47.png\" alt=\"Aptos price analysis\" width=\"1950\" height=\"1109\" \/><\/a><\/p>\n<p id=\"caption-attachment-340545\" class=\"wp-caption-text\">Source: APT\/USDT on TradingView<\/p>\n<\/div>\n<p><span style=\"font-weight: 400\">The previous range-low of Aptos had a confluence with an invalidated bullish order block (OB) on the 4-hour chart of $5.58 \u2013 $5.65 (white). The dynamic 50-EMA (Exponential Moving Average), blue, had inched closer above the range-low.<\/span><\/p>\n<p><span style=\"font-weight: 400\">So, the $5.6 area could be a solid bearish zone if Bitcoin\u2019s [BTC] muted performance persists in the short term. As such, a price rejection in the zone could set APT to grace the recent low of $5.38.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400\">Such a rejection could offer another shorting opportunity, with an entry at $5.6 and take-profit at $5.38 or $5.4.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400\">However, a foray above $5.65 and a successful reclaim of the range-low will invalidate the short idea.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400\">Meanwhile, the RSI fluctuated below the 50-equilibrium level. It denotes muted and wavering buying pressure. The CMF also had a negative reading and struggled to reclaim the zero mark in September \u2013 Capital inflows were muted.\u00a0<\/span><\/p>\n<h4>Negative funding rates persisted<\/h4>\n<div id=\"attachment_340546\" style=\"width: 1788px\" class=\"wp-caption aligncenter\"><a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/statics.ambcrypto.com\/wp-content\/uploads\/2023\/09\/APT-Funding-rates.png\" data-wpel-link=\"internal\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-340546\" class=\"size-full wp-image-340546\" src=\"image\/svg+xml,%3Csvg%20xmlns=\" alt=\"Aptos price analysis\" width=\"1778\" height=\"1006\" data-lazy-srcset=\"https:\/\/statics.ambcrypto.com\/wp-content\/uploads\/2023\/09\/APT-Funding-rates.png 1778w, https:\/\/statics.ambcrypto.com\/wp-content\/uploads\/2023\/09\/APT-Funding-rates-300x170.png 300w, https:\/\/statics.ambcrypto.com\/wp-content\/uploads\/2023\/09\/APT-Funding-rates-1024x579.png 1024w, https:\/\/statics.ambcrypto.com\/wp-content\/uploads\/2023\/09\/APT-Funding-rates-768x435.png 768w, https:\/\/statics.ambcrypto.com\/wp-content\/uploads\/2023\/09\/APT-Funding-rates-1536x869.png 1536w\" data-lazy-sizes=\"(max-width: 1778px) 100vw, 1778px\" data-lazy-src=\"https:\/\/statics.ambcrypto.com\/wp-content\/uploads\/2023\/09\/APT-Funding-rates.png\" \/><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-340546\" class=\"size-full wp-image-340546\" src=\"https:\/\/statics.ambcrypto.com\/wp-content\/uploads\/2023\/09\/APT-Funding-rates.png\" alt=\"Aptos price analysis\" width=\"1778\" height=\"1006\" \/><\/a><\/p>\n<p id=\"caption-attachment-340546\" class=\"wp-caption-text\">Source: Coinalyze<\/p>\n<\/div>\n<p><span style=\"font-weight: 400\">According to Coinalyze, APT recorded overwhelmingly negative funding rates in the last few days. The trend illustrates the bearish sentiment in the derivatives market that prevailed in August and spilled into early September.\u00a0<\/span><\/p>\n<hr \/>\n<p style=\"text-align: center\"><span style=\"font-weight: 400\">How much are <\/span><a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/ambcrypto.com\/convert\/1-apt-to-usd\" data-wpel-link=\"internal\"><span style=\"font-weight: 400\">1,10,100 APTs worth today<\/span><\/a><span style=\"font-weight: 400\">?<\/span><\/p>\n<hr \/>\n<p><span style=\"font-weight: 400\">The declining Open Interest rates confirmed the bearish bias. Notably, the metric slid lower between August and early September, dropping from &gt;$64 million to $56 million as of press time. The drop captures the declining demand for APT in the derivatives market.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400\">However, a BTC price reversal to the upside could tip APT bulls to reclaim range-low; thus, tracking the king coin movement is crucial.\u00a0<\/span><\/p>\n<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Journalist Posted: September 3, 2023 Disclaimer: The information presented does not constitute financial, investment, trading, or other types of advice and is solely the writer\u2019s opinion. APT recovery struggled to reclaim the range low of $5.6 convincingly.\u00a0 Funding rates were negative, while Open Interest rates didn\u2019t improve. Aptos\u2019 [APT] range-low of $5.6 prevented further recovery [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":149095,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[230,225,221,227,226,228,229,60,223,224,222],"class_list":["post-149094","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cryptocurrency","tag-brave","tag-coinbase","tag-crypto","tag-decentralised","tag-decentralized","tag-decentralized-exchange","tag-erc-20","tag-featured","tag-meme-coin","tag-robinhood","tag-solana"],"_links":{"self":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/149094","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/comments?post=149094"}],"version-history":[{"count":2,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/149094\/revisions"}],"predecessor-version":[{"id":149097,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/149094\/revisions\/149097"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media\/149095"}],"wp:attachment":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media?parent=149094"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/categories?post=149094"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/tags?post=149094"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}