APT Declines Amid Slump in Wider Crypto Markets
APT declined 2.8% over 24 hours to $1.6088 as broader crypto-market weakness persisted. The price traded within a $1.57-$1.66 range before a late-session recovery. Trading volume was 35% above the 30-day average, signaling institutional participation rather than retail activity. Unusual volume spikes included about 7.3 million at 06:00 breakdown and 93,449 in the final hour, indicating distribution followed by a bullish reversal pattern. The overall trend is described as bearish with lower highs, but there are signs of accumulation during weakness.
The CoinDesk 20 index fell 2.8% at publication, mirroring APT's weakness. Sector rotation favored larger cryptocurrencies, which pressured mid-cap tokens like APT. The technical setup shows primary support at $1.57-$1.575 and resistance at $1.64, with an immediate upside target of $1.64 and a $1.575 stop-loss.
