Aptos (APT) Drops 6% to $1.85 as Technical Breakdown Accelerates

The Aptos (APT) token experienced a sharp decline of 6%, dropping to $1.85 during Friday's session, significantly underperforming the broader crypto market, which saw the CoinDesk 20 index down 2.5%. Trading volume was notably low, at only 10.8% of the 30-day average, suggesting the decline lacked broad participation. Technical analysis indicated that Aptos carved out an $0.17 trading range with 8.5% volatility due to selling pressure. However, recent price action showed a potential constructive development: the formation of a double-bottom pattern near $1.842, suggesting institutional buyers are stepping in at these lower levels. Key technical levels include resistance at $1.90, with the former support at $1.87 now acting as overhead supply, and a downside risk to $1.80 if the double-bottom fails.

(Source：CoinDesk)