Aptos’ APT token declined 2.8% over the past 24 hours as investors rotated out of mid-cap layer-1 tokens in favor of larger cryptocurrencies. The token slid from about $1.66 to a session low near $1.57 before recovering some losses late in the day, according to CoinDesk Research data.
Price action was relatively contained, with APT trading in a narrow 10-cent band. At the same time, trading volume jumped 35% above the 30-day average, pointing to institutional participation rather than retail-driven activity. The elevated volume suggests deliberate repositioning even as the token underperformed major digital assets.
Selling pressure dominated early trading as skepticism toward growth-oriented blockchain themes weighed on sentiment. That pressure eased later in the session, with buyers stepping in around key support levels and stabilizing prices.
Broader market conditions remained soft, with the CoinDesk 20 index also down 2.8% at publication time.
Technical picture
- Strong support emerged in the $1.57–$1.575 area after the selloff was absorbed
- Resistance remains near $1.64 following an early-session rejection
- A sharp volume spike of 7.3 million tokens around 06:00 signaled distribution
- Late-session breakout volume of 93,449 supported a short-term bullish reversal
- Overall volume running 35% above the 30-day average highlights institutional interest
- Lower highs defined a bearish intraday structure earlier in the session
- Near-term upside focus sits at $1.64, with downside risk concentrated near $1.575
