APT Price Surges 5% Amid Market Volatility and $960M Liquidations
Aptos' APT experienced notable price volatility in the last 24 hours, with a trading range of 5.4% from $4.53 to $4.79. Key observations include:
- An intraday rally occurred at 14:00 on July 24, boosting prices from $4.59 to $4.75, supported by a volume of 3.64 million.
- APT maintained trading above $4.60 post-breakout but faced resistance between $4.75 and $4.79.
- The broader crypto market fell, with the Coindesk 20 down 0.6%, yet APT rose by 1.2%, trading around $4.695.
- A significant retracement to $4.62 formed support before an upward movement, reaching $4.67 with strong buying pressure.
- Support remains established around $4.58-$4.60, with potential advancement toward the resistance zone near $4.75-$4.79.
Notably, recent corrections eliminated $960 million in leveraged positions across the cryptocurrency market.