Aptos' APT drops as token tracks broader crypto market weakness
APT slipped 1% to $1.56, mirroring the broader crypto market's retreat, with technical models showing support at $1.56 and resistance at $1.63.Summary
The Aptos token (APT) dropped 1% to $1.56 over the last 24 hours, tracking weakness in the wider crypto market, as indicated by the CoinDesk 20 index also retreating. Technical analysis models showed APT trading in a tight $1.56-$1.62 range, exhibiting 3.6% intraday volatility. Key technical levels identified were strong support near $1.56 and resistance at $1.63, where bulls and bears battled during evening hours amid thin holiday trading. Volume spiked 71% above average, coinciding with selling pressure from the session peak. The model noted that the token previously formed a double-bottom at $1.52 support before rallying, suggesting potential for moves above $1.56 resistance if accumulation interest persists, though overall trader fatigue was signaled by lower volume compared to 30-day metrics.
(Source：CoinDesk)