APT Slides 4% After Failing to Hold Above $4.77 Support Threshold

Aptos (APT) breached the critical $4.77 support level Thursday amid renewed risk-off sentiment in digital asset markets. The move triggered a swift sell-off to an intraday low of $4.75 before partial recovery stabilized the price near previous support, now acting as resistance.

The breakdown occurred alongside broader market weakness, with the CoinDesk 20 Index posting a 2% decline. APT underperformed relative to large-cap peers, dropping 3.9% on the session.

Technical Context:

• Resistance Reestablished: $4.77
• Short-Term Target: $4.62 (February swing low)
• Volume Spike: Peak activity at 30K units/min during sell wave
• Intraday Range: $4.945 – $4.751 (3.6%)
• Current Structure: Bearish consolidation below descending trendline

The rejection above $4.86 earlier this week and the failure to hold $4.77 may point to renewed bearish pressure. If APT fails to reclaim that level decisively, the path toward the $4.60–$4.62 range remains in focus.

That said, the token has shown resilience around high-volume nodes before. A sustained base near $4.75 could offer a short-term bounce window if sentiment improves.