APT Price Plummets Amid Bearish Continuation Setup

APT is struggling to maintain its price above $0.56, and experts warn that this could be a sign of a bearish continuation.

The Moving Average Convergence Divergence (MACD) histogram has collapsed to zero, indicating a stall in momentum after a sustained downtrend.

This setup is often followed by a further decline, with some predicting that APT's price may fall to as low as $0.54.

Despite retail investors leaning short, top traders are running a 1.24 long/short ratio, indicating they are either accumulating or engineering a short squeeze.

The technical indicators suggest a market in deleveraging mode, with declining open interest and a taker buy/sell ratio of 0.91 confirming that sellers are more aggressive than buyers.