APT Defies Market Turbulence With Intraday Breakout Amid $960M in Liquidations
Aptos (APT) showcased relative strength on July 24, staging a sharp intraday rebound despite broader market weakness and heavy altcoin liquidations.
The token traded within a 5.4% range over the 24-hour period, swinging between $4.53 and $4.79, according to CoinDesk Research. The standout move came at 14:00 UTC, when APT surged from $4.59 to $4.75 on 3.64 million in volume—establishing $4.59 as a strong support level backed by buyer momentum.
APT held above the $4.60 zone throughout the session, though upside was capped by resistance between $4.75 and $4.79. Still, it managed to climb 1.2% over 24 hours, trading near $4.695 at last check.
The rebound occurred as the broader crypto market faced pressure, with $960 million in leveraged altcoin positions wiped out and the CoinDesk 20 Index slipping 0.6%.
Technical Highlights:
- Intraday low of $4.62 formed key support before a sustained recovery.
- Buying pressure was confirmed with a move to $4.67 around 08:06 UTC.
- Higher lows suggest bullish momentum is building.
- Resistance remains intact at $4.75–$4.79, a key zone to watch.
APT’s ability to hold higher levels despite systemic selling across altcoins may signal short-term resilience and set the stage for further upside—pending a break above resistance.
