Crypto Trader Forecasts Aptos (APT) Price Crash, These Local Supports Could Be ‘Easily’ Broken

Crypto Trader Predicts Aptos (APT) Price Crash, Local Supports Face Breach

Crypto trader Crypto Jobs highlights the potential price decline for Aptos (APT), warning that local support levels may not withstand the bearish pressure. The tweet suggests APT's price could continue its downward trend, potentially reaching crucial support zones.

A chart shared by Crypto Jobs reveals technical signals indicating a negative outlook for Aptos. The price has fallen below the Ichimoku Cloud, which typically signals a continuation of bearish momentum. This aligns with the trader's forecast, suggesting significant selling pressure in the market.

The downtrend is further supported by a sloping trendline that the price action has consistently respected, indicating prevalent negative sentiment towards Aptos. If the current selling pressure persists, the $8.00 support level could be tested shortly.

APT Support Levels at Risk of Breach

The key support level at $8.00 is crucial for preventing further price declines. However, chart indicators suggest this support could be easily broken, as predicted by the trader.

If the $8.00 support fails, the next target would be approximately $7.80. This secondary support, marked by dashed red lines on the chart, also appears vulnerable if bearish pressure continues. A breach of these levels would confirm the extension of the current downtrend.

Bearish Signals from the Ichimoku Cloud

The Tenkan-sen and Kijun-sen lines of the Ichimoku system have crossed to form a bearish crossover, affirming the negative outlook. This crossover, combined with the current strong bearish candles, indicates a clear continuation of downward pressure.

APT traders closely monitor these indicators, as they suggest local support levels may not endure against the sustained selling momentum. The coming days will be pivotal in determining whether Aptos can hold its support or face further declines.

Follow us on [Twitter](https://twitter.com/captainaltcoin), [CoinMarketCap](https://coinmarketcap.com/currencies/captainaltcoin/), and [Binance Square](https://binancesquare.com/author/captainaltcoin) for daily crypto updates. Join our FREE Telegram group for exclusive trading calls: [https://t.me/captainaltcointrading](https://t.me/captainaltcointrading).