Aptos Sharp Rebound After 10% Drop Thanks to Strong Buyer Support

APT has rebounded sharply after experiencing a steep 10% sell-off, with buyers stepping in around the key $4.55 support level amid persistent global economic uncertainties.

The broader cryptocurrency market has been rattled by intensifying geopolitical and economic pressures, resulting in heightened volatility. APT followed this trend, dropping from $5.058 to a low of $4.548 before showing signs of recovery.

Trading volumes surged during the initial sell-off, reaching peaks between 2.7 million and 2.9 million tokens, before shifting towards accumulation. This pattern suggests sustained institutional interest despite ongoing market turbulence.

Technical Snapshot:

• APT corrected by 10.08%, dipping from $5.058 to $4.548 before initiating a recovery rally.
• The heaviest selling occurred between 22:00 and midnight, marked by above-average trading volumes.
• Support solidified in the $4.55-$4.60 range, where buyers actively defended the price.
• Price action stabilized between $4.60 and $4.70, signaling steady accumulation.
• A bullish push toward $4.75 in the final trading hours, coupled with rising volume, indicates renewed buying momentum.
• Hourly chart patterns formed a rounded bottom, often viewed as a bullish reversal signal.
• Volume surges at 14:01-14:02 helped lift prices back above the $4.70 mark.
• Consolidation between $4.686 and $4.750 suggests efforts to maintain upward momentum after the correction.

As APT navigates these challenging market conditions, the strong buyer interest at key support levels could set the stage for a sustained recovery if external pressures ease.