1
APT price formed the double top pattern and faced rejection in recent sessions.
2
APT price displays an inverted hammer candlestick replicating sellers’ grip at $11.
APT price displayed a channel breakout and retested the neckline of $11 in recent sessions. However, the buyers failed in their mission and faced rejection, resulting in a retracement, and the APT price slipped toward $10. Overall, the chart reflected indecisiveness, however, buyers persisted in stretching the rally inside the channel and lifted the APT price beyond $10.
APT price has reentered the channel and has taken support on the 20-day EMA mark, displaying an uptrend on the chart. Moreover, the trend is intact, and buyers will soon lead a sharp jump and crash the immediate hurdle of $11 in the following sessions. The price action displays a higher high formation, and that APT price is trading above the neutral trajectory, exhibiting buying momentum in recent sessions.
At press time
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