Aptos (APT) Retreats as Crypto Markets Weaken
Aptos (APT) slipped 1% over the past 24 hours to $1.56, tracking broader crypto market weakness. The CoinDesk 20 index was down 0.6% at the time of publication.
During this period, APT traded between $1.62 and $1.56, a $0.06 range reflecting 3.6% intraday volatility, according to CoinDesk Research’s technical analysis model. Bulls and bears clashed near $1.63 resistance in evening trading, while support remained firm around $1.56 amid thin holiday volumes.
Trading volume spiked 71% above the 24-hour average to 4.69 million tokens, coinciding with selling pressure from the session high of $1.62. Earlier, the token formed a double-bottom at $1.52 before rallying past $1.56 support.
Technical Overview:
- Key resistance: $1.66; support consolidates near $1.56
- 11% lower volume versus 30-day averages signals trader fatigue, with selective spikes above 46,000 tokens showing pockets of accumulation
- Double-bottom at $1.52 set the stage for the recent rally above $1.56
- Upside targets $1.58–$1.585; breakdown below $1.56 could retest $1.52
