Aptos' APT Underperforms Wider Crypto Markets

APT$2.2732 slipped 0.5% over the last 24 hours, underperforming the broader crypto market.

Prices swung within a volatile $0.15 range that represented a 6.4% intraday movement, according to CoinDesk Research's technical analysis model.

The model showed that the most significant price action occurred at 17:00 on Nov. 24th. Volume reached 2.62 million, 47% above the 24-hour average of 1.78 million.

Prices jumped from $2.28 to $2.36, the model showed. Still, the surge failed to sustain momentum above $2.39 resistance.

Aptos formed lower highs and consolidated between $2.36 and $2.23 as volume declined.

Trading activity remained 9.64% above the seven-day average, the model said.

The decline in APT came amid a rally in wider crypto markets.

Technical Analysis:

• Primary support established at $2.23 during overnight consolidation

  
  

• Key resistance confirmed at $2.36-$2.39 following failed breakout attempt

  
  

• Exceptional volume spike to 2.62M (47% above SMA) occurred during breakout attempt

  
  

• Trading activity remained 9.64% above 7-day average despite consolidation

  
  

• Failed breakout pattern established after rejection at $2.39 resistance

  
  

• Upside resistance targets at $2.36 and $2.39 levels remain intact

  
  

• Break below $2.23 signals deeper correction, while sustained move above $2.39 confirms breakout