Aptos’ APT token dropped 2.8% over the past 24 hours as investors continued to rotate away from mid-cap layer-1 assets and into larger cryptocurrencies. Prices slid from around $1.66 to a low near $1.57 before staging a modest late-session rebound, according to CoinDesk Research data.
Despite the decline, APT’s trading range remained relatively narrow at roughly 10 cents. Trading volume climbed 35% above the 30-day average, pointing to institutional-driven activity rather than retail noise and suggesting deliberate repositioning even as the token lagged its larger peers.
Selling pressure dominated early trading as skepticism toward growth-oriented blockchain narratives weighed on sentiment. That pressure eased later in the session, however, with buyers stepping in near key support levels and helping stabilize prices.
Broader market weakness persisted, with the CoinDesk 20 index also down 2.8% at publication time.
Technical outlook
- Key support held in the $1.57–$1.575 range following the selloff
- Resistance remains capped near $1.64 after early-session rejection
- A sharp volume spike of 7.3 million tokens around 06:00 signaled distribution
- Late-session breakout volume of 93,449 supported a short-term bullish reversal
- Overall volume running 35% above the 30-day average underscores institutional participation
- Lower highs defined a bearish intraday structure earlier in the day
- Near-term upside focus remains at $1.64, with downside risk centered around $1.575
