APT Technical Analysis: Oversold Conditions Trigger Potential Bounce

The technical analysis of APT shows that the cryptocurrency is currently trading below its EMA20 and Supertrend indicators, indicating a bearish trend.

However, despite a 6.72% drop in the last 24 hours, the Relative Strength Index (RSI) has reached an oversold level of 25.63, suggesting that a short-term reaction buying may be imminent.

The most critical support level is $0.8210, which shows strong confluence on both 1D and 3D timeframes. This zone is also a high volume node formation in the volume profile, overlapping with the Fibonacci 0.618 retracement on the 1W chart.