Aptos Rebounds After 10% Drop, Buyers Support Price Stability
The cryptocurrency market is under pressure due to global economic tensions, with APT showing notable volatility. The price of APT fell over 10%, from $5.058 to $4.548, but has started stabilizing at crucial support levels.
Key points include:
- APT corrected by 10.08%, reaching a low of 4.548 before recovering.
- Sell-off occurred between 22:00-00:00 with volumes of 2.7M-2.9M.
- Support established in the 4.55-4.60 range as buyers entered.
- Price stabilized between 4.60-4.70 during recovery, indicating accumulation.
- Final hours saw a bullish move towards 4.75 on increased volume.
- Hourly action formed a rounded bottom pattern before a late rally.
- Volume spikes at 14:01-14:02 (55K-32K) lifted prices above 4.70.
- Consolidation between 4.686-4.750 suggests attempts at stabilization post-correction.
Institutional interest appears to persist despite market volatility.