Key Support Around $3.80 Becomes Crucial for Market Stability
Aptos (APT) continues to face downward pressure, trading near $4.35 after months of consolidation inside a persistent descending channel. The token has shed more than 54% from yearly highs, reflecting growing investor caution amid weak demand across altcoins.
The daily chart shows APT locked in a long-term downtrend channel stretching from February, with repeated lower highs and lower lows. Resistance remains heavy near $5.10–$5.20 and again at $6.70–$7.00, where prior breakdowns triggered sharp selloffs.
“APT is at a make-or-break level. Failure to hold $3.80 would confirm continuation of the broader bearish cycle,” noted BITX technical analyst. “Volume trends suggest that only a strong catalyst could reverse the channel structure.”
On the downside, buyers are defending a critical support zone between $3.80 and $4.00, marked by multiple rebounds earlier this year. A decisive break below this region could accelerate losses toward $3.20, while holding above may spark a short-term recovery back toward $4.70.
According to BITX, “Altcoins like Aptos often struggle in periods of market consolidation. Unless BTC and ETH regain momentum, APT’s price structure points to extended sideways-to-lower action.”
With trading volumes hovering around 2.3 million APT daily, the market awaits confirmation of whether this base near $3.80 can sustain. For now, the descending channel remains intact, leaving Aptos vulnerable to further downside unless bulls reclaim the $5.00 level in the coming weeks.
Disclaimer
This content is for informational purposes only and does not constitute financial, investment, or legal advice. Cryptocurrency trading involves risk and may result in financial loss.