🚨 Binance Square Boosts APRO (AT) with Rewards Campaign
The cryptocurrency APRO ($AT) experienced a slight but significant rebound of 0.04% in the last 24 hours, stabilizing after a weekly correction of $-18.6\%$. This movement occurs amid an intense incentive campaign launched by Binance Square aimed at injecting liquidity and activity. The initiative started on December 4 and offers a pool of 400,000 AT tokens as a reward for content creation and trading activities. Previously, the token was listed on Bitrue on December 2. The current price of $0.11 is in a technical oversold zone (RSI of 25.77).
Key Points of the Movement 🧐
Impact of Binance: The Binance Square campaign creates artificial short-term demand, as rewards in $AT incentivize buying and holding to meet the promotion's requirements.
Trading Volume: The volume in 24 hours surged by 546%, indicating high participation, although much of this activity is linked to the dynamics of the rewards, not necessarily to a long-term investment conviction.
Bullish Technical Signal: The relative strength index (RSI) at $25.77$ suggests that the asset is technically oversold, a factor that often precedes short-term price rebounds.
Cautious Conclusion
The current stability of APRO is the direct result of Binance's promotional intervention. While incentives and oversold signals provide some relief, long-term selling pressure remains dominant. Traders should monitor the sustainability of the volume once the campaign ends.
