Aptos (APT) fell 7% in the latest trading session, extending recent losses as technical analysis points to a potential floor near $0.85. On the upside, the cryptocurrency may face selling pressure around $1.17, according to the same chart-based readings.
Support zone at $0.85
The $0.85 level has emerged as a key support area for APT. Technical analysis suggests that if the price holds above this zone, it could provide a base for a recovery attempt. A break below, however, would likely open the door to further downside, though no specific lower target has been identified in the data. Traders often watch such levels closely, as they can act as pivot points for short-term momentum.
Resistance level at $1.17
On the other side, $1.17 stands as a potential resistance level. Technical analysis indicates that APT may struggle to push above that price without a significant shift in buying pressure. If the token does climb toward $1.17, it could attract sellers looking to lock in profits. The zone around that level has historically posed a challenge, according to the chart patterns cited.
The 7% drop brings APT closer to its support floor, raising the question of whether buyers will step in at $0.85 or if the sell-off will deepen. No immediate catalyst for the decline was disclosed in the available information.
