When APT Decides to Take a 4% Dip 🤷‍♂️

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What to know:

  • APT decided to take a little dip, falling 4% as the crypto world took a collective sigh.
  • The token found itself a cozy spot between $4.38 and $4.41, but it’s eyeing that $4.50 mark like a kid at a candy store.

Aptos’ APT, much like my patience for early mornings, fell 4% over the 24-hour trading period, swinging wildly within a 10% range, according to CoinDesk Research’s technical analysis model. 📊

The token hit a high of $4.80, only to realize it had forgotten its gym shoes and promptly tumbled back down to $4.38. By morning, it had gathered itself and was hovering around $4.45, showing signs of a modest recovery. It’s like watching a toddler learn to walk-exciting, but expect a few faceplants. 🚶‍♂️

Significant volume-backed support appeared around the $4.38-$4.41 price zone, where institutional buyers swooped in like vultures at a buffet. The final hour saw a bit of a pep talk, pushing the price back toward $4.45. This suggests that after a 9% nosedive, the market might just be catching its breath. 🧘‍♂️

The drop in APT wasn’t exactly a solo act; the wider crypto market also took a tumble, with the Coindesk 20 gauge down 3.2%. In recent trading, Aptos was 3.7% lower over 24 hours, trading around $4.43. It’s like when you’re at a party, and everyone decides to leave at the same time. 😴

On the bright side, the EXPO2025 digital wallet, powered by Aptos, added half a million new accounts and processed 4.4 million transactions, according to a recent post on X. Meanwhile, DeFi lending protocol Aave decided to join the party, launching on Aptos. This marked Aave’s first-ever deployment on a non-EVM (Ethereum Virtual Machine) compatible blockchain. It’s like bringing a new friend to a well-established clique-exciting, but a bit nerve-wracking. 🙈

Technical Analysis:

  • An exceptional trading volume of 6.6 million during the 19:00 hour fueled the initial rally, followed by sustained volume support around the $4.38-$4.41 price zone. It’s like a marathon where the crowd cheers you on every mile. 🏃‍♂️
  • A clear ascending channel formed with successive higher lows at $4.39, $4.42, and $4.45 during the recovery phase. It’s like climbing a staircase-one step at a time. 🏠
  • Three distinct volume-driven rallies during the final hour breakout above the $4.41 resistance level. It’s like a three-act play, each act more dramatic than the last. 🎭
  • Strong institutional buying interest emerged at the $4.38-$4.41 zone, establishing key support following a 9% decline from peak. It’s like having a safety net when you’re tightrope walking. 🧗‍♂️
  • The next psychological resistance level was identified at $4.50 following a successful breakout above $4.41. It’s like reaching the top of a hill and seeing another one in the distance. 🏔️

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2025-08-25 20:25