APT Technical Analysis Feb 1

APT is maintaining its downward trend as it approaches critical support levels at 1.27$. Although RSI at 28.70 carries bounce potential in the oversold region, BTC dominance is suppressing altcoins.

Current Price Position and Critical Levels

APT traded in the 1.14$-1.39$ range with a 7.91% drop in the last 24 hours and is currently positioned around 1.27$. The overall structure is bearish; price remains below EMA20 (1.56$) and the Supertrend indicator is giving a bearish signal. Downtrend dominates on the 1D chart, while there are 12 strong level confluences on 3D and 1W timeframes: 2 supports/2 resistances on 1D, 2 resistances on 3D, 2 supports/4 resistances on 1W. This confluence increases the strength of the levels. Volume is at a medium level of 159.59M$, but increasing volume on declines confirms selling pressure. Price is heading down to test the nearby support at 1.2487$; if broken, 1.1410$ becomes the main buffer.

Support Levels: Buyer Pools

Primary Support

The strongest support is at 1.1410$ (score: 75/100), highlighted by 1D and 1W timeframe confluence. This level aligns with a liquidity pool at the 24h low (1.14$); it has been tested 3 times in the past, rejected each time with strong buying volume. On the 1W chart, it functions as an order block – it reversed after collecting large buyers’ stop-losses. Confluence with EMA50 (around 1.15$) and fib 0.618 retracement. High volume profile indicates buyer abundance. In case of breakdown, invalidation is a drop below 1.10$, with downside target at 0.4596$.

Secondary Support and Stop Levels

Secondary support at 1.2487$ (score: 61/100), prominently positioned as a swing low just below the current price. On 1D, it’s the order block of the recent decline; liquidity grab expected here – short position stops could be triggered. It has given 2-3% bounces in 2 past tests, supported by volume spikes. Confluence: RSI divergence potential (28.70 oversold) and 1H EMA200 (around 1.25). Monitor for close below 1.2487$ for stop level; breakdown could lead to quick flow to 1.1410$. This area serves as a buffer for short-term buyers but could be tested under BTC pressure.

Resistance Levels: Seller Pools

Near-Term Resistances

Near-term resistance at 1.2752$ (score: 65/100), 2% above current price and near the 24h high. Strong supply zone on 1D chart; rejected twice as a breaker block on 4H, with high selling volume. Confluence: first obstacle on the path to EMA20 (1.56$), overlapping with fib 0.236 extension. Clean breakout + volume increase required for breakdown; otherwise, fakeout with liquidity sweep downward.

Main Resistance and Targets

Main resistance at 1.3863$ (score: 61/100), carrying 3D and 1W confluence – weekly high zone. Strong rejection in 5 past tests, big players’ short entry point. On 1W, premium imbalance area with seller abundance in supply-demand balance. Upper target 1.9803$; reaching it requires all MTF confirmation. Invalidation above with close over 1.40$, but bearish Supertrend won’t allow it. This level is a major roadblock in rallies.

Liquidity Map and Big Players

Big players (smart money) may be accumulating long positions at 1.1410$ support – ideal liquidity pool for stop hunt (below 1D lows). Short ladders expected in the 1.2752$-1.3863$ range above; equal highs/lows used for manipulation. 4 resistance confluences on 1W indicate institutional selling zone. If price drops to 1.2487$ for liquidity grab, trap rally to 1.2752$ possible. Overall map is bearish: downtrend liquidity downward, high altcoin dump risk due to BTC influence. Volume analysis confirms sell-side dominance with spikes on declines.

Bitcoin Correlation

BTC at 78,461$ level with 5.51% drop in downtrend; Supertrend bearish, supports at 78,780$/75,720$/64,655$. APT highly correlated with BTC (+0.85); if BTC drops below 75k, APT could lose 1.14$. Conversely, if BTC breaks 80,317$ resistance, short-covering could move APT to 1.38$. BTC dominance increase crushes altcoins – cascade effect if 78k support breaks. Key BTC levels: Watch 75,720$ (trigger for APT 1.1410$).

Trading Plan and Level-Based Strategy

Level-based outlook: Hold above 1.2487$ for test of 1.2752$, target 1.3863$ on breakout (R/R 1:3). On breakdown, stop at 1.1410$, downside 0.4596$. RSI divergence + volume confirmation required for bullish bias. For spot trading, check APT Spot Analysis; for leveraged, APT Futures Analysis. Risk: 1-2% capital, keep invalidations tight. This outlook is price action based – news flow may affect it.