🚨 $APT Approaching Support – Will Bulls Defend $4.690? $APT is currently priced at $4.690, testing a key support level after a consistent downward grind. The price action shows oversold signals on the RSI, while volume has dried up — often a prelude to a reversal attempt. 📉🔍

📊 Technical Outlook

Support: $4.60

Resistance: $5.05

RSI (4H): Near 32 – oversold territory

Trend: Bearish short-term, watching for relief bounce

Pattern: Descending channel nearing lower boundary

📡 Signal: High-Alert Reversal Watch

APT has reached an area where short-term buyers may step in. A bullish divergence on RSI or MACD crossover could signal momentum shift. Keep an eye on price closing above $4.75 to confirm demand interest.

🎯 Trade Idea (Short-Term Setup)

Buy Zone: $4.62 – $4.70

TP1: $5.05

TP2: $5.35

SL: $4.49

Reward/Risk: Moderate, suited for reversal scalpers

🧠 Why APT is Worth Watching Now:

✅ Trading near multi-week support

✅ Oversold conditions signaling potential bounce

✅ Broad market also stabilizing, increasing bounce chances

✅ Aptos ecosystem still gaining traction in NFT/GameFi space

Conclusion:

APT at $4.690 is hovering over a sensitive price zone. If the market holds and bulls defend this area, a sharp bounce to $5+ is likely. Watch lower timeframes closely — confirmation will be key. 🛡️📈

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