Aptos (APT) Experiences Buying Volatility After Recent Dip! Is The Price Preparing For Recovery?
The post Aptos (APT) Experiences Buying Volatility After Recent Dip! Is The Price Preparing For Recovery? appeared on BitcoinEthereumNews.com. In recent hours, the Aptos token experienced significant price volatility, triggering selling due to hours of network disruptions. Now that the network is back to stability, there’s an upswing in purchasing interest for APT, with the price set for a rebound from the dip. Additionally, current on-chain indicators are bullish, triggering a positive market sentiment for buyers. CVD Ratio Makes A Positive Slope After the downturn in Aptos value, holders of long positions rushed to offload their stakes, as reflected in Coinglass data, revealing roughly $100K of long positions being liquidated, contributing to the downward trend. However, with the network regaining its footing and the price rebounding from a low of $4.7, there was a noticeable increase in the accumulation and aggressive buying of APT tokens. Consequently, the open interest (OI) figures rose from $85 million to $88 million in the last few hours, indicating a growing interest in future trades. Additionally, the CVD spot has made a positive slope as it surged to the North and is currently trading at -1.146. For a trader, this is a pure buying opportunity. When the CVD line showcases a positive slope, it indicates a rising demand for the asset, suggesting that buying opportunities are happening. On the other hand, a negative slope in the CVD line points to an increase in sellers, accompanied by a declining demand. Typically, this serves as a signal to sell, prompting traders to look for indications to offload their holdings. The long/short ratio has made a surge recently as it hovers at 1.0346. This suggests that the market is now leaning toward buyers as long-positions now dominate with 51%. Additionally, intraday traders received a boost from a positive funding rate, further strengthening the support levels. What’s Next For APT Price? APT price successfully bounced back from the…
The post Aptos (APT) Experiences Buying Volatility After Recent Dip! Is The Price Preparing For Recovery? appeared on BitcoinEthereumNews.com.
In recent hours, the Aptos token experienced significant price volatility, triggering selling due to hours of network disruptions. Now that the network is back to stability, there’s an upswing in purchasing interest for APT, with the price set for a rebound from the dip. Additionally, current on-chain indicators are bullish, triggering a positive market sentiment for buyers. CVD Ratio Makes A Positive Slope After the downturn in Aptos value, holders of long positions rushed to offload their stakes, as reflected in Coinglass data, revealing roughly $100K of long positions being liquidated, contributing to the downward trend. However, with the network regaining its footing and the price rebounding from a low of $4.7, there was a noticeable increase in the accumulation and aggressive buying of APT tokens. Consequently, the open interest (OI) figures rose from $85 million to $88 million in the last few hours, indicating a growing interest in future trades. Additionally, the CVD spot has made a positive slope as it surged to the North and is currently trading at -1.146. For a trader, this is a pure buying opportunity. When the CVD line showcases a positive slope, it indicates a rising demand for the asset, suggesting that buying opportunities are happening. On the other hand, a negative slope in the CVD line points to an increase in sellers, accompanied by a declining demand. Typically, this serves as a signal to sell, prompting traders to look for indications to offload their holdings. The long/short ratio has made a surge recently as it hovers at 1.0346. This suggests that the market is now leaning toward buyers as long-positions now dominate with 51%. Additionally, intraday traders received a boost from a positive funding rate, further strengthening the support levels. What’s Next For APT Price? APT price successfully bounced back from the…
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