Aptos (APT) Price Slides 2.8% Amid Crypto Market Rotation. Source: EconoTimes
Aptos (APT) declined 2.8% over the past 24 hours, trading around $1.62, as the layer-1 blockchain token faced pressure from broader crypto market rotation. Traders appeared to favor large-cap cryptocurrencies such as Bitcoin and Ethereum, reducing exposure to mid-cap assets like APT. This shift in sentiment weighed on growth-oriented blockchain narratives throughout the session.
According to CoinDesk Research’s technical analysis model, APT traded within a relatively tight 10-cent range, falling from an intraday high near $1.66 to a low of approximately $1.57 before staging a modest late-session recovery. Despite the price weakness, trading activity surged, with volume rising 35% above the 30-day average. This spike suggests institutional repositioning rather than short-term retail-driven volatility.
Selling pressure dominated the morning session as skepticism around smaller layer-1 tokens increased across the digital asset market. The model highlighted a notable volume spike of 7.3 million tokens during the early breakdown, signaling distribution at lower price levels. However, APT demonstrated resilience by holding key support between $1.57 and $1.575, where buyers stepped in to absorb selling pressure.
In the final hour of trading, a breakout accompanied by volume of roughly 93,000 tokens supported a short-term bullish reversal attempt. While the overall intraday trend showed lower highs and remained bearish, this late recovery indicated accumulation during periods of weakness. Immediate resistance remains near $1.64, the level where prices were rejected earlier in the session, while downside risk is defined by a stop-loss zone around $1.575.
The broader crypto market also struggled, with the CoinDesk 20 index down 2.8% at the time of publication. Overall, Aptos price action reflects cautious sentiment toward mid-cap cryptocurrencies, even as elevated volume points to continued institutional interest beneath the surface.