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APT Slips 4% After Breaking $4.77 Technical Support Level
The price has now stabilized around $4.771, suggesting potential consolidation after a sharp decline.
Jun 5, 2025, 3:09 p.m.
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What to know:
- APT slipped 4% as geopolitical tensions rattled markets.
- The token is consolidating around the 4.77 support level, and has reclaimed some of its losses.
Aptos slumped as much as 4% on Thursday as trade tensions and wider market uncertainty weighed on sentiment.
The APT token has experienced significant price volatility amid broader market uncertainty, with selling pressure pushing the asset through multiple support levels as investors react to macroeconomic developments.
STORY CONTINUES BELOW
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The token has now consolidated above the 4.77 level and has recouped almost half its daily losses.
Technical Analysis:
- APT-USD traded within a 3.6% range (4.945 high to 4.751 low) over 24 hours, establishing a key resistance zone around 4.83-4.86.
- Heavy selling volume (1.25M) created a high-volume support level at 4.77, which has been tested repeatedly throughout the period.
- Recent price action suggests consolidation following downtrend, with bulls attempting to establish control above 4.78.
- In the last hour, APT fell 2.1% from 4.864 to 4.762, forming a descending channel with multiple rejections at resistance.
- Notable volume surge occurred between 13:45-13:54 (over 30,000 units traded per minute) as price found temporary support at 4.764.
- Price action showed modest recovery with price stabilizing around 4.771, suggesting potential consolidation after sharp decline.
- The CD20 index {{CD20}} was down over 2% at publication time.
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