weakened sharply during Friday’s session, dropping 6% to $1.85 as technical selling overwhelmed buyers.
The token lagged the broader crypto market, with the CoinDesk 20 index down 2.5% at publication time.
Trading volume remained subdued at just 10.8% of the 30-day average, suggesting APT’s decline lacks broad participation, according to CoinDesk Research’s technical analysis model.
The model showed that Aptos carved out a $0.17 trading range representing 8.5% volatility as multiple waves of selling pressure established fresh session lows.
Recent price action shows signs of stabilization.
The token formed a potential double-bottom pattern near $1.842, suggesting that institutional buyers have emerged at these depressed levels, according to the model.
This constructive development provides the first technical bright spot after days of persistent weakness, the model said.
Technical Analysis:
- Double-bottom support holds at $1.842 with psychological resistance at $1.90 and breakdown level at $1.87 now acting as overhead supply
- Heavy selling volume of 3.54 million confirms breakdown legitimacy while subsequent light volume suggests reduced selling pressure
- Descending trendline break completes $0.17 range decline with double-bottom formation indicating potential floor
- Immediate resistance targets $1.87 former support with downside exposure to $1.80 if double-bottom fails
Disclaimer: Parts of this article were generated with the assistance from AI tools and reviewed by our editorial team to ensure accuracy and adherence to our standards. For more information, see CoinDesk’s full AI Policy.
