APT Falls as Token Underperforms Wider Crypto Markets
APT token experienced a 2.4% decline over 24 hours, falling to $1.69 on below-average volume, underperforming the broader cryptocurrency market.
The price decreased from $1.73 to $1.69, creating a volatile range-bound pattern with a total range of $0.09.
An earlier high-volume event saw 12.17 million tokens traded, which was 214% above the 24-hour moving average, signaling resistance near the $1.75 level.
Technical analysis indicates bearish signals across all major moving averages, with 24-hour volume 31% above the 7-day average but still below significant thresholds.
Primary support is identified between $1.68 and $1.69, while major resistance is confirmed at $1.75 following the high-volume rejection.
Immediate upside targets range around $1.70 to $1.705, with the broader range highs near $1.75 acting as the next major test.
CoinDesk Research’s model attributes the token's weakness to selective investor caution toward APT.
In the broader market context, the CoinDesk 20 index was up about 0.5% at the time of publication.
