The bears are running the show for Aptos right now. APT is trading below all its major moving averages, and the funding rates are negative — a combination that's bleeding short sellers dry but has done little to reverse the downtrend. With a 65% probability of a retest of the $0.75 support level within seven days, traders are bracing for a potential test of a price zone that hasn't been seen in months.
Below the Moving Averages
When a token sits under every major moving average — the 50-day, 100-day, and 200-day — it's a clear signal that sellers are in charge. Aptos has been stuck in this territory, unable to find enough buying pressure to push back above any of those benchmarks. The technical picture looks grim, and the data backs it up: bears have controlled the narrative for APT, and nothing in the recent price action suggests that's about to change.
Negative Funding Rates Bleed Shorts Dry
Funding rates on perpetual futures contracts for APT have turned negative. In theory, that should encourage short sellers to close their positions because they're paying a fee to hold them. But so far, the shorts are holding on, and the negative rate isn't triggering the kind of short squeeze that would lift the price. Instead, it's a slow bleed — shorts are paying up, but they're still in control, and the downtrend keeps grinding lower.
The $0.91 Level That Could Flip the Script
Not everyone is convinced the slide is permanent. The facts note that any bounce above $0.91 could indicate a potential reversal. That number is roughly 15% above current prices, and breaking through it would mean APT reclaims a level that has acted as resistance in recent sessions. But it's a big if. The token hasn't shown any sign of mustering that kind of momentum, and the 65% probability of a retest of $0.75 suggests the market expects more pain before any potential bounce.
Probability of a Support Retest
That 65% figure is a probabilistic forecast, not a guarantee. But it's high enough that traders are watching $0.75 closely. If that level breaks, the next floor could be significantly lower. If it holds, the token might consolidate or stage a relief rally. Right now, the weight of evidence points toward a retest, and the bears aren't giving up an inch.
For now, the question is whether $0.75 will hold — or whether Aptos will find a new low before the sellers finally exhaust themselves.
