Aptos (APT) Posts Resilient Bounce Amid $960M Altcoin Shakeout
Aptos’ native token, APT, showed strong relative performance on July 24, staging a sharp intraday rally despite widespread liquidations in the broader altcoin market.
APT moved within a 5.4% range over 24 hours, bouncing from a session low of $4.53 to an intraday high of $4.79, according to CoinDesk Research. The surge was driven by a breakout at 14:00 UTC, when price accelerated from $4.59 to $4.75 on high volume of 3.64 million, establishing firm support at the $4.59 level.
While resistance held between $4.75 and $4.79, the token maintained higher lows throughout the session, suggesting continued bullish momentum. APT finished up 1.2% on the day, last trading near $4.695.
The move came as nearly $960 million in leveraged positions were wiped out across altcoins, highlighting APT’s divergence from the broader market, where the CoinDesk 20 Index slipped 0.6%.
Key Technical Insights:
- Support tested at $4.62 early in the session, followed by strong recovery.
- Price hit $4.67 shortly after 08:00 UTC on renewed buying.
- Sustained higher lows point to strength; key resistance remains at $4.75–$4.79.
- Breakout volume confirms underlying demand even in volatile conditions.
APT’s ability to hold gains despite sector-wide pressure may point to renewed accumulation or rotation from weaker tokens. A close above resistance could open the door to further upside in the coming sessions.
