It appears to be holding.
It appears to be doing something.
Now what does it mean "appears to be"
Please explain through some examples.
"X appears to be Y" means about the same as "X seems to be Y". , you guess or assume that "X is Y".
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"X appears to be Y" means about the same as "X seems to be Y".
Based on what you can see, or what you have heard, read, etc., you guess or assume that "X is Y".