Aptos (APT) Falls 4% as Price Breaks Through $4.77 Support

Aptos (APT) faced renewed downward pressure on Thursday, breaking below the key $4.77 support level as risk sentiment deteriorated across global markets. The token briefly dropped to $4.75 before paring losses and hovering near its former support, which now acts as resistance.

The sell-off occurred alongside broader declines in the crypto market, driven by geopolitical tensions and shifting macroeconomic expectations. APT traded within a 3.6% intraday range, with sharp moves concentrated during U.S. market hours.

Market Snapshot:

  • Low: $4.751
  • High: $4.945
  • Resistance: $4.83–$4.86
  • Support Flipped: $4.77 now acting as resistance after breakdown
  • Trading Volume: Peaked at 30K units per minute during selloff
  • Trend Structure: Short-term descending channel forming post-breakdown

The breach of $4.77 triggered cascading sell orders, pushing APT 2.1% lower in under an hour. Despite the drop, the token stabilized near $4.771 by session end, suggesting a potential pause in bearish momentum.

Analysts note that if APT fails to reclaim the $4.77–$4.80 range, further downside toward $4.62 remains in play. However, consolidation at current levels could set the stage for a short-term bounce — particularly if broader markets show signs of recovery.

  • Related Posts

    Bitcoin Braces for Japan Rate Hike: Yen Carry Trade Fears Overstated, True Risk Lies Elsewhere

    Bitcoin Braces for Japan Rate Hike: Yen Carry Trade Fears Overblown, True Risks Lie Elsewhere Speculation is mounting as Japan prepares for a potential interest rate hike, prompting renewed chatter…

    Continue reading
    Coinbase Predicts Crypto Rebound as Liquidity Strengthens and Fed Rate-Cut Expectations Rise

    Coinbase Sees Potential Crypto Recovery Amid Improving Liquidity and Rising Fed Rate-Cut Odds Coinbase Institutional has highlighted a potential crypto market recovery in December, citing improving liquidity and a shift…

    Continue reading

    Leave a Reply

    Your email address will not be published. Required fields are marked *