APT drops toward key $0.821 support — bounce possible but downtrend intact
APT is trading in a clear downtrend and is approaching a critical support zone at $0.821. Daily indicators show bearish structure: price below EMA20 ($1.01), Supertrend bearish and RSI oversold (~25–28), signalling potential short-term relief rallies but persistent downside risk. Key levels: primary support $0.821 (high-confluence buyer zone), secondary supports $0.80, $0.75 (200‑day EMA) and $0.64; major downside target if broken $0.2117. Near-term resistances: $0.846–$0.90, $1.01 (EMA20) and $1.10 (Supertrend); upside extension target $1.225 if breakout confirmed by volume. Liquidity map suggests stop-hunt below $0.821 with institutional order blocks at the support and supply at $0.846–$0.90. APT shows ~0.85 correlation with Bitcoin; BTC weakness increases the chance APT will test $0.821 or lower. Trading plan: bias long only if price holds above $0.821 (targets $0.846–$1.01) with 1–2% position sizing and defined stops; below $0.821 favors shorts toward $0.80–$0.64. Analysis notes 55% probability of a bounce from oversold conditions but warns that confirmed daily close below $0.821 invalidates bullish thesis. This is technical commentary, not investment advice.
Bearish
The analysis indicates APT remains in a daily downtrend: price below EMA20, bearish Supertrend, and an oversold RSI that signals possible short-term bounces but not structural reversal. The primary support at $0.821 is critical — breakdown would open large downside targets (e.g., $0.2117) and confirm continuation. Liquidity structure and order-block mapping suggest stop-hunt pressure below $0.821 and supply between $0.846–$0.90, favouring sellers. Bitcoin correlation (~0.85) amplifies downside risk while BTC is weak. Short-term: traders may see relief bounces around $0.821, offering shortable rallies toward $0.846–$0.90. Long-term: absent a decisive reclaim of EMA20/$1.01 with volume, structural bias stays bearish. This mirrors past altcoin sell-offs where BTC weakness plus failure to hold key multi-timeframe support produced deep declines (e.g., alt corrections in 2022–2023). Risk-managed short positions and tight stops are appropriate until multi-day confirmation of trend reversal.