Aptos’ APT drops as token tracks broader crypto market weakness
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…
