Aptos Rebounds Sharply After 10% Drop as Buyers Defend Key Support
APT shows resilience after sharp correction, with signs of accumulation emerging near $4.55 as traders eye recovery amid global economic uncertainty.
The cryptocurrency market faces renewed pressure as global economic tensions intensify, with APT experiencing significant volatility amid broader market uncertainty.
After dropping over 10% from $5.058 to $4.548, APT has begun stabilizing at critical support levels, showing resilience despite macroeconomic headwinds.
Trading volumes peaked during the sell-off period but have since shifted toward accumulation patterns, suggesting institutional interest remains despite the turbulent global economic landscape.
Technical Analysis Highlights
- APT experienced a substantial 10.08% correction, dropping from 5.058 to a low of 4.548 before staging a recovery.
- Sell-off intensified during the 22:00-00:00 period with above-average volume (2.7M-2.9M).
- Strong support established at the 4.55-4.60 zone where buyers emerged.
- Recovery phase showed consistent accumulation with price stabilizing between 4.60-4.70.
- Bullish move toward 4.75 during final hours on increased volume suggests renewed buying interest.
- Hourly price action formed a rounded bottom pattern before rallying in the final minutes.
- Substantial volume spikes at 14:01-14:02 (55K-32K) pushed prices back above 4.70.
- Hourly consolidation between 4.686-4.750 indicates stabilization attempts after the correction.
External References
- "June Token Unlocks Top $3.2 Billion: Altcoins SUI, APT, ZRO Brace For Volatility", Coin Edition, published May 30, 2025.
