Aptos' APT declines amid slump in wider crypto markets
APT declined on heavy volume as the CoinDesk 20 index fell 2.8%.
What to know:
APT dropped 2.8%
Trading volume was 35% above monthly average.
The elevated activity validated genuine repositioning despite APT's relative weakness against larger digital assets.
fell 2.8% over 24 hours as the layer-1 token faced headwinds from sector rotation with traders favoring bigger cryptocurrencies over mid-cap alternatives.
APT traded within a 10 cent range, declining from $1.66 to $1.57 before staging a late-session recovery, according to CoinDesk Research's technical analysis model.
The model showed that volume rose 35% above the 30-day average, signaling institutional participation rather than retail noise.
The elevated activity validated genuine repositioning despite APT's relative weakness against larger digital assets. Selling pressure dominated morning hours as growth-oriented blockchain narratives faced broader market skepticism, according to the model.
The token's resilience at key support levels suggested accumulation emerged during weakness, the model said.
Technical Analysis:
Primary support established at $1.57-$1.575 after successful defense during selloff
Key resistance remains at $1.64 level where morning rejection occurred
Exceptional volume spike of 7.3 million at 06:00 breakdown confirmed distribution
Final hour breakout volume of 93,449 validated bullish reversal pattern
Overall 35% volume increase above 30-day average signaled institutional interest
Bearish trend with lower highs dominated morning session trading
Immediate upside target at $1.64 resistance with $1.575 stop-loss level
