- Aptos’ APT experienced sharp price swings with a 24-hour trading range of 5.4%, from $4.53 to $4.79.
- Trading volume surged to 3.64 million during a rapid price increase from $4.59 to $4.75 at 14:00 on July 24.
- APT held above the $4.60 level after the rally, facing strong resistance between $4.75 and $4.79.
- About $960 million in leveraged positions were wiped out in the broader cryptocurrency market during the recent correction.
- APT was up 1.2% over 24 hours, last seen trading near $4.70, while the Coindesk 20 market gauge declined by 0.6%.
Aptos’ APT token saw major price fluctuations on July 24, recording a trading range between $4.53 and $4.79 within a single day. This activity came as part of a volatile session in the broader cryptocurrency market.
Technical analysis from CoinDesk Research revealed a significant breakout at 14:00, as APT’s price jumped from $4.59 to $4.75, accompanied by a high trading volume of 3.64 million. After this surge, the token established a support level near $4.59 and continued to trade above $4.60, even while facing heavy resistance in the $4.75 to $4.79 range.
The session began with APT dipping to $4.62 around 07:53 before buyers pushed it higher. The price rose to $4.67 before 08:06, showing clear buying momentum. Analysis confirmed that support in the $4.58 to $4.60 zone remains strong, while the token’s price formation continued to show higher lows, a sign of continued upward movement toward resistance.
The broader cryptocurrency market faced a sharp pullback, erasing roughly $960 million in leveraged positions as traders adjusted to rapid price changes. Despite this, APT managed a 1.2% price increase over 24 hours, trading around $4.70 at the latest check. Over the same period, the overall market, represented by the Coindesk 20 index, edged down by 0.6%.
Intraday technical patterns indicate that Aptos may maintain its recent support levels, though resistance between $4.75 and $4.79 remains significant.
✅ Follow BITNEWSBOT on Telegram, Facebook, LinkedIn, X.com, and Google News for instant updates.
Previous Articles:
- Brazil’s Pix Payment System Sparks US Worries Over De-Dollarization
- Record U.S. Money Supply Fails to Lift Crypto, Markets Slide
- Pinnacle, Synovus Agree to $8.6B Merger, Form Southeast Banking Giant
- Ether Faces Near-Term Volatility as Borrowing Costs Surge and Valuations Soar
- Tesla Stock Drops 8% After Earnings Miss, Musk Teases Vine Revival
