Aptos (APTUSD) Price Forecast: August 15
The APTUSD pair is in a bullish scenario showing signs of upward retracement at the mentioned above price level. If the coin holders could prove stronger and the price shows sustainability above the $8.18 previous high value, its upward retracement could extend further to reach a $10.0 high level and beyond.
Key Levels:
Resistance Levels: $7.60, $7.80, $7.90
Support Levels: $6.40, $6.30, $6.10
APTOS (USD) Long-term Trend: Bullish (4H Chart)
Aptos price is in a bullish posture and also trades in an uptrend even though the short traders are involved in its long-term outlook. The price bar can be seen trading above the two EMAs which confirm its uptrend.
The high order flow of the buying traders at a $7.13 high value during yesterday’s session also added to this bullishness in its recent high.
The momentum continues today after a series of dip-lows by the sell traders, the bulls made a corrective move to a high at the $ 7.22 mark above the moving averages as the 4-hourly chart opens today. This shows the high impact of the buy investors on the Aptos market; likewise, the downside risk remained uncertain.
Should the buying crews increase their buying motives, the market price of APTUSD could rise further to retest the previous swing high at the $8.18 level, accounting for a higher recovery in the coin market price.
Adding to this, there is likely to be a further upward retracement attempt soon as the price of APTUSD now points upward. If buyers could change their orientation and push harder, the next bullish race may reach the $10.0 upper resistance trend line in the coming days in its higher time frame.
APTOS (USD) Short-term Trend: Bullish (1H Chart)
The momentum on the short-term outlook is in an ascending channel as can be seen from the chart below. The price of APTUSD is currently trading at the resistance above the two EMAs. So it seems likely that the long-term investors are about to take over and push us higher.
However, the previous action at the $7.17 high level during yesterday’s session has sustained the coin price to remain above the trend line in recent times.
Today, the bulls made an upward retracement to a $7.22 high value above the two EMAs as the 1-hourly chart opens.
The Aptos price looks promising as buyers remain dominant in the market at the moment. If bulls should increase their price action, and a bullish momentum is sustained far above the resistance trend lines, further bearish sentiment will be hibernated.
Additionally, the daily stochastic remains in an upward direction. Hence, if the coin buyers manage to break above the $7.94 previous supply trend line, the market participants may witness a new upward retracement and this may likely reach the $10.0 upper high mark in the days ahead in its lower time frame. This signals a BUY trade again in its lower time frame.
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