APT falls as selling pressure spreads across crypto markets

Aptos’ APT token fell 2.8% over the past 24 hours as sector rotation continued to favor large-cap cryptocurrencies over mid-cap layer-1 assets. The token slid from around $1.66 to a low near $1.57 before recovering late in the session, according to CoinDesk Research data.

Despite the decline, price movement remained relatively contained, with APT trading within a roughly 10-cent range. Trading volume jumped 35% above the 30-day average, a signal of institutional activity rather than retail-driven noise, suggesting purposeful repositioning even as the token lagged larger peers.

Early trading was marked by heavy selling as investors grew more cautious toward growth-focused blockchain narratives. That pressure eased later in the day, however, as APT held key support levels and attracted buying interest during the dip.

The broader market remained under pressure, with the CoinDesk 20 index also down 2.8% at the time of publication.

Technical overview

Support was established in the $1.57–$1.575 zone following a successful defense during the selloff
Resistance remains near $1.64, where prices were rejected earlier in the session
A sharp volume spike of 7.3 million tokens around 06:00 confirmed distribution
A late-session breakout accompanied by 93,449 in volume pointed to a short-term bullish reversal
Overall volume running 35% above the 30-day average underscores institutional participation
Lower highs defined a bearish intraday structure through the morning
Immediate upside focus sits at $1.64, with downside risk concentrated near $1.575