Aptos (APT) Dips as Broader Crypto Market Weakens
Aptos (APT) fell 1% over the past 24 hours to $1.56, tracking broader crypto market weakness. The CoinDesk 20 index was down 0.6% at the time of publication.
The token traded between $1.62 and $1.56, marking 3.6% intraday volatility, according to CoinDesk Research’s technical analysis model. Bulls and bears clashed near $1.63 resistance, while support held at $1.56 amid light holiday trading volumes.
Trading volume surged 71% above the 24-hour average to 4.69 million tokens, coinciding with selling from the $1.62 session peak. Earlier, APT formed a double-bottom at $1.52 before rallying past $1.56.
Technical Highlights:
- Resistance remains at $1.66, with support around $1.56
- Volume is down 11% versus 30-day averages, though spikes above 46,000 tokens show pockets of accumulation
- The double-bottom at $1.52 triggered the recent rally above $1.56
- Upside targets $1.58–$1.585; a drop below $1.56 could retest $1.52
