The post Key metric hits November levels, effect on APT’s price will be… appeared on BitcoinEthereumNews.com.

Aptos [APT] has declined by 27.55% over the last few months APT saw its positive sentiment soar on the charts to hit its November levels Over the past month, Aptos [APT] has seen some strong downward pressure on its price. During this period, the altcoin saw some extreme volatility too, hitting a low of $4 from a local high of $9.8. A look at the price chart revealed that Aptos has traded within a descending channel over the past month. In fact, every attempt to break out of this resistance has precipitated rejection, confirming strong bearish sentiments across the board. At the time of writing, APT was trading at $6.07 on the charts, with the altcoin losing 4.45% of its value in 24 hours. Equally, APT declined on the weekly and monthly charts too, dipping by 1.32% and 27.55% respectively. Source: Santiment Despite this sustained price drop, however, market optimism may be on its way back. This can be evidenced by the fact that investor sentiment recently surged to its November levels, according to Santiment. With weighted sentiment hitting a three-month high, it means that more investors have a favorable opinion of Aptos than negative ones. Here, it’s also worth pointing out that weighted sentiment has remained positive over the last 5 days. With weighted sentiment hitting these levels, the question that arises is whether this can push APT’s price towards recovery. Can Aptos recover as sentiment soars According to AMBCrypto’s analysis, buyers are now attempting to retake the market with sellers somewhat exhausted. For example, Aptos’s Delta turned positive after remaining largely negative. This shift is a sign that buying pressure is currently outpacing selling pressure. Aggressive buying across the market hinted at rising demand too. If the Delta remains positive for a prolonged period of time, it would…

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Filed under: News - @ February 23, 2025 1:08 am