Aptos' APT declines amid slump in wider crypto markets
CoinDesk
APT fell 2.8% on heavy volume as the broader crypto market, measured by the CoinDesk 20 index, also declined.Summary
Aptos' native token, APT, declined by 2.8% over 24 hours, trading between $1.66 and $1.57 before a late recovery, amidst a general slump in the crypto markets reflected by the CoinDesk 20 index falling 2.8%. The trading volume for APT rose 35% above the 30-day average, suggesting institutional participation and genuine repositioning rather than retail noise, despite sector rotation favoring larger cryptocurrencies over mid-cap alternatives like APT. Technical analysis indicated that primary support was established at $1.57-$1.575, while key resistance remained at $1.64, with the overall morning session showing a bearish trend dominated by selling pressure.
(Source：CoinDesk)