Aptos APT Drops 4% Amidst Broader Crypto Market Decline
Aptos' APT decreased by 4% in the last 24 hours, trading between $4.80 and $4.38. It peaked at $4.80 before dropping to $4.43, then stabilizing around $4.45 with signs of recovery.
Key points include:
- Strong support emerged in the $4.38-$4.41 range due to institutional buying.
- The broader crypto market, as measured by the Coindesk 20, fell by 3.2%.
- Aptos recorded a trading volume of 6.6 million during peak hours.
- Recovery phase showed higher lows at $4.39, $4.42, and $4.45.
- Next resistance level is at $4.50 following breakout above $4.41.
Recent developments include the EXPO2025 digital wallet gaining 500,000 accounts and 4.4 million transactions. The DeFi protocol Aave has launched on Aptos, marking its debut on a non-EVM blockchain.