Aptos (APT) dropped through key support levels, lagging the broader crypto market, where the CoinDesk 20 index was down 2.5% at the time of publication.
Trading volume was low, just 10.8% of the 30-day average, indicating that the decline lacked broad participation, according to CoinDesk Research’s technical model. The token traced a $0.17 trading range, or 8.5% volatility, as repeated selling pressure pushed it to new session lows.
Early signs of stabilization are emerging. A potential double-bottom near $1.842 suggests institutional buyers may be stepping in, providing the first technical positive after several days of weakness.
Technical Analysis:
- Double-bottom support holds at $1.842, with psychological resistance at $1.90. The previous breakdown level at $1.87 now acts as overhead supply.
- Heavy selling volume of 3.54 million confirms the breakdown, while lighter follow-up volume points to reduced selling pressure.
- A descending trendline break completes the $0.17 range decline, with the double-bottom signaling a potential floor.
- Immediate resistance sits at $1.87, while downside exposure extends to $1.80 if the pattern fails.
