Aptos’ APT Plummets: Crypto Market’s Big Sigh

by

Markets

What to know:

  • Aptos’ APT slipped 1% to $1.56 on Wednesday. 🐦💥
  • Trading activity fell 11% under the 30-day average amid holiday market conditions. 🏖️💤

APT slipped 1% to $1.56 over the last 24 hours, as wider crypto markets also retreated. The CoinDesk 20 index was 0.6% lower at publication time. 📉

The token traded between $1.62-$1.56 during the 24-hour period, establishing a $0.06 range representing 3.6% intraday volatility, according to CoinDesk Research’s technical analysis model. 🧠

The model showed a battle between bulls and bears at $1.63 resistance during evening hours. 🛡️

Support held firm near $1.56 as momentum faded into thin holiday trading, according to the model. 🕳️

Volume spiked 71% above the 24-hour average to 4.69 million tokens, coinciding with selling pressure from the session peak of $1.62, the model said. 🚨

The token completed a double-bottom formation at $1.52 support before rallying through $1.56 resistance. 🧘♂️

Technical Analysis:
  • Primary resistance holds firm at $1.66 through multiple tests while support consolidates near $1.56 🛡️
  • 11% drop in volume versus 30-day metrics signals trader fatigue, though selective spikes above 46,000 tokens reveal pockets of accumulation interest 🧠
  • Double-bottom structure at $1.52 support triggers recent rally attempt, creating potential launch pad for moves above $1.56 resistance 🚀
  • Upside breakout targets $1.58-$1.585 resistance cluster while breakdown below $1.56 support opens path to $1.52 retest levels 📈📉

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2025-12-24 17:41