- APT is currently trading at $16.74 after a 9.50% drop in price.
- Aptos has been testing the resistance level at $20.5116.
- The next target for APT’s price will likely be the support level at $14.74.
One of the cryptocurrencies in the red heading into the new month is Aptos (APT). Data from the market tracking website CoinMarketCap indicates that APT is currently trading at $16.74 after a 9.50% drop in price over the last 24 hours. The altcoin also reached a high of $19.90 and low of $16.18 over the same time period.
Over the last day, APT also weakened against Bitcoin (BTC) and Ethereum (ETH) by about 6.78% and 6.57% respectively. On the other hand, the crypto’s weekly performance still looks okay as APT is still in the green by more than 28% over the last seven days.
APT’s 24-hour trading volume is also in the green zone and currently stands at $1,852,678,698 after a more than 103% increase since yesterday. With its market cap of $2,687,128,082, APT is currently the 26th biggest crypto in terms of market capitalization. This places it right behind Toncoin (TON) in the 25th position and in front of Bitcoin Cash (BCH) which is ranked 27th.
When looking at APT’s daily chart, it indicates that the price of the crypto has been trying to break above the resistance level at $20.5116 for the last week. After its first failed attempt on January 26, APT’s price consolidated before it once again failed to flip the resistance on January 30.
The price of APT has been falling since then. If APT is unable to close today’s trading session above the support level at $15.9953, it is very likely that the crypto could face further price declines in the coming days. If this happens, the next target for APT’s price will likely be the support level at $14.74.
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