Aptos (APT) ve Arbitrum (ARB) estimated 05.07.2023

Aptos showed that it was able to sustain a 9.83 percent increase in the last seven days. Demand for the token is increasing after it dropped sharply to $6.89 on June 28, according to the daily chart of APT/USD.
As of this writing, the Exponential Moving Average (EMA) Diverging has prepared a bullish pattern.
This is because the pattern shown by APT is characterized by successive bullish candles and a higher candle on the daily timeframe.
However, APT may need to close above the second high of the second bullish candle at $7.39 to confirm the uptrend continues. If that doesn't happen, APT can pull back before reverting to an uptrend once again.
Meanwhile, the Relative Strength Index (RSI) showed APT's buying momentum solid at 57.30. Therefore, the token's short-term price action may remain green as long as the RSI does not cross over to the overbought level.
Arbitrage (ARB)
On the other hand, ARB struggled to break above the local top of $1.24, which it reached on June 27. Also, the token faced a lot of selling pressure, causing the price to drop to $1.15. This was also a result of not being able to dodge the $1.17 resistance.
But On-Balance-Volume (OBV) showed that the ARB has the potential for an upside break. At press time, the OBV had risen significantly. Although in negative territory, the increased OBV reflects an increasing volume pressure. So this could neutralize the dispersion and lead to higher prices in the short to medium term.
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