Anticipating Short-Term Price DropThe APT cryptocurrency has maintained its previous trend over the past month, with its price currently trading within the $7 range. However, due to insufficient demand, there are indications on the chart suggesting a potential further decline in price. As a result, it is likely that the price may move towards the support level at $6.50 after breaking below the current range of $7.17.
Upon reaching the $6.50 support level, it is advisable to monitor the price closely for any signs of upward movement and increased demand. Additionally, on lower time frames, a positive divergence in the RSI indicator could serve as a positive signal for potential price growth.
In conclusion, based on the analysis above, a short-term price drop is anticipated for the APT cryptocurrency. Furthermore, it's worth noting that the RSI level is currently at 42.