Aptos Price Plunges as Bears Dominate Market

Aptos (APT) is struggling to find support at $0.57, with its price pinned against the lower Bollinger Band and all major moving averages stacked above it as resistance. The chart structure for APT is bearish, with every single moving average from the 7-day to the 200-day sitting above current price.

The MACD histogram has flatlined at zero, indicating a lack of buying momentum to counterbalance selling pressure. However, the stochastic oscillator is deep in oversold territory, suggesting a short-term bounce may be due. But with RSI still in the high 30s, there's no fuel for a sustained recovery.

Volume and price alignment are also bearish, with $2.4 million Binance spot volume in 24 hours indicating institutional abandonment. The derivatives market shows a near-parity long/short ratio, but aggressive sell-side taker flow dominates.