APT Tests Multi-Month Low at $3.18 as Oversold Conditions Build Amid Crypto Market Weakness
Jessie A Ellis Oct 21, 2025 13:32
Aptos price hits $3.18 support level with RSI at 31, down 4.6% in 24h as technical indicators suggest potential bounce from oversold territory amid broader market pressure.
Quick Take
• APT trading at $3.18 (down 4.6% in 24h) • Testing critical support at current 52-week low • RSI entering oversold territory at 31.04 • Following broader crypto weakness alongside Bitcoin decline
Market Events Driving Aptos Price Movement
APT price action is currently driven by technical factors in the absence of major catalysts, with no significant news events reported in the past 48 hours. The 4.57% decline reflects broader cryptocurrency market weakness as Bitcoin and other major altcoins face selling pressure.
The lack of specific Aptos-related developments has left the token vulnerable to macro market forces, with traders focusing primarily on technical support and resistance levels. Trading volume of $11.6 million on Binance spot market suggests moderate institutional interest despite the downward pressure.
The current price movement appears to be part of a broader consolidation phase that has seen APT price decline from higher levels in recent weeks, testing key support zones that could determine near-term direction.
APT Technical Analysis: Oversold Conditions Emerge
Price Action Context
APT price is currently trading significantly below all major moving averages, with the token sitting 24% below the 20-day SMA at $4.19 and 32% below the 200-day SMA at $4.72. This positioning indicates sustained bearish momentum, though the current level coincides with the 52-week low, suggesting potential technical support.
The Aptos technical analysis reveals the token is trading near the lower Bollinger Band at $2.38, with the %B position at 0.22 indicating oversold conditions. Volume patterns suggest selling pressure may be moderating as the price approaches key support levels.
Key Technical Indicators
The RSI reading of 31.04 places APT in oversold territory, historically a level where bounce potential increases. The MACD histogram shows continued bearish momentum at -0.1145, though the divergence between price and momentum indicators warrants attention.
Stochastic indicators show %K at 52.44 and %D at 52.38, suggesting the oversold condition may be stabilizing. The daily ATR of $0.42 indicates elevated volatility, typical during support tests.
Critical Price Levels for Aptos Traders
Immediate Levels (24-48 hours)
• Resistance: $3.36 (24-hour high and immediate recovery target) • Support: $3.11 (intraday low and critical technical floor)
Breakout/Breakdown Scenarios
A break below $3.11 could trigger further selling toward the $2.38 lower Bollinger Band, representing a significant 25% decline from current levels. Conversely, reclaiming $3.36 resistance could signal short-term stabilization with potential for recovery toward the $3.57 EMA 12 level.
APT Correlation Analysis
• Bitcoin: APT is following Bitcoin's weakness, maintaining typical altcoin correlation during risk-off periods • Traditional markets: Limited direct correlation visible, with crypto-specific factors dominating price action • Sector peers: Moving in line with other Layer 1 tokens experiencing similar technical pressure
Trading Outlook: Aptos Near-Term Prospects
Bullish Case
Oversold RSI conditions combined with 52-week low support could trigger a technical bounce. A daily close above $3.36 would confirm short-term stabilization, targeting the $3.57 EMA 12 level. Broader crypto market recovery would likely amplify any Aptos technical bounce.
Bearish Case
Failure to hold $3.11 support opens downside toward $2.38, representing the lower Bollinger Band. Continued Bitcoin weakness or broader market risk-off sentiment could pressure APT price below current multi-month lows.
Risk Management
Conservative traders should consider stop-losses below $3.05 to limit downside exposure. Given the elevated ATR of $0.42, position sizing should account for potential 13% daily volatility swings around current price levels.
Image source: Shutterstock.jpg)