APT has demonstrated notable resilience following a sharp correction, with early signs of accumulation emerging near the $4.55 support level as traders position themselves for a potential recovery amidst ongoing global economic uncertainty.
The broader cryptocurrency market is under pressure due to escalating global economic tensions, which have triggered increased volatility. APT mirrored this trend, experiencing a significant price drop but now showing signs of stabilization.
After falling more than 10%, from $5.058 to a low of $4.548, APT has found critical support and begun to steady despite challenging macroeconomic conditions. Trading volumes spiked sharply during the sell-off but have since shifted towards accumulation, indicating that institutional investors may still be actively participating despite the volatile environment.
Technical Analysis Overview
- APT corrected by 10.08%, dropping from $5.058 to $4.548 before starting its recovery.
- The heaviest selling pressure occurred between 22:00 and 00:00, with volumes reaching 2.7M to 2.9M.
- Strong buyer interest emerged in the $4.55 to $4.60 support zone, halting the decline.
- The recovery phase showed steady accumulation, with prices stabilizing between $4.60 and $4.70.
- A bullish move toward $4.75 during the final trading hours, accompanied by increased volume, suggests renewed buying momentum.
- Hourly price charts revealed a rounded bottom formation, supporting the recovery push.
- Significant volume surges at 14:01-14:02 (55K-32K) helped lift prices back above $4.70.
- Subsequent consolidation between $4.686 and $4.750 indicates attempts to stabilize after the correction.
As APT navigates these turbulent conditions, the developing accumulation near key support levels could pave the way for a sustained rebound if global market pressures ease.
