Deep Dive
1. Weak Volume Confirms Bearish Structure
Overview: The 24-hour trading volume dropped 21.32% to $78 million, indicating a lack of conviction from buyers. The price is trading below its 30-day simple moving average ($0.931), confirming the near-term bearish trend. The 14-day RSI at 48 shows neutral momentum, offering no oversold bounce signal.
What it means: Sellers are in control, and the downtrend is being confirmed by declining participation.
2. Broader Market Pressure
Overview: The entire crypto market cap fell 1.07% in 24h, with Bitcoin down 1.59%. Aptos moved in the same direction but fell 2.5x harder, indicating it is underperforming as a higher-beta asset during a risk-off move. The CMC Fear & Greed Index sits at 8 (Extreme Fear), reflecting pervasive negative sentiment.
What it means: APT is being pulled down by a fearful market, but its sharper drop points to coin-specific weakness.
3. Near-term Market Outlook
Overview: The immediate battleground is the 7-day SMA at $0.913. Failure to reclaim this level keeps the path of least resistance downward toward the critical $0.90 support. A break below $0.90 with volume could trigger a swift move lower.
What it means: The structure remains bearish below $0.913.
Watch for: Whether buying interest emerges to defend the $0.90 level, which could provide a temporary floor.
Conclusion
Market Outlook: Bearish Pressure
Aptos is caught in a downdraft fueled by broad market fear and a lack of positive catalysts, with technicals confirming the sell-off.
Key watch: Can APT hold the $0.90 support, or will a breakdown open the door to new yearly lows?