Aptos (APT) drops 5% to $1.50 as volume spikes above monthly average
Aptos (APT) fell 5% to $1.50 after volume surged, indicating strong selling pressure and resistance at $1.64.Summary
The Aptos (APT) token dropped 5% to $1.50 over the last 24 hours, establishing a bearish structure with lower highs and lower lows. Technical analysis showed that APT spiked to $1.64 on heavy volume—258% above the 24-hour moving average—before crashing back down, establishing strong resistance at that level. Selling pressure intensified below the $1.56 support zone. The elevated trading activity, which was 23% above the 30-day average, suggested genuine institutional interest. The decline occurred as broader crypto markets also fell, with the CoinDesk 20 index down 2.1%. Key technical levels indicate that immediate resistance at $1.53 must be reclaimed for recovery, while a break below $1.515 support targets lower levels, with $1.64 remaining the key upside barrier.
(Source：CoinDesk)