Aptos (APT) has slipped to $0.96 as selling pressure mounts, with price models pointing to a potential dip toward $0.85 before a rebound. Analysts tracking the token's technical setup and derivatives data expect the recovery to push APT back above $1.20 within the next 30 days, fueled largely by institutional buying.
Heavy selling pressure pushes price lower
The token has been under sustained downward momentum in recent sessions, dropping from higher levels to its current $0.96 mark. On-chain data shows elevated exchange inflows, a sign that holders are offloading positions. The $0.96 level has acted as a temporary floor, but traders warn that without a catalyst, the next leg down could target $0.85.
Technical indicators point to a brief breakdown
Chart patterns and momentum oscillators suggest APT is oversold in the short term. The relative strength index sits below 30 on the daily timeframe, a zone that historically precedes a bounce. But before that bounce, the token may first test the $0.85 support, a level that held during a sell-off in late 2024. A clean break below that would open the door to $0.70, though analysts currently view that scenario as less likely given the accumulation signals.
Institutional accumulation expected to drive the recovery
The projected recovery from $0.85 back above $1.20 hinges on large-scale buyers stepping in. Wallet tracking shows that addresses holding between 100,000 and 1 million APT have been adding to their stacks over the past week, even as the price fell. This type of accumulation by bigger players often precedes a reversal. If that pattern holds, the token could regain the $1.20 mark within a month.
Derivatives data supports the outlook
Open interest in APT futures has held steady despite the spot price drop, suggesting that leveraged traders are not abandoning the token. The funding rate, meanwhile, has turned slightly negative, indicating that shorts are paying longs — a setup that can fuel a short squeeze if buying pressure returns. Combined with the technical oversold reading, the derivatives market conditions give additional weight to the forecast of a $0.85 bottom followed by a recovery.
The key level to watch in the coming days is $0.85. If that support holds and institutional buying accelerates, APT could start climbing back toward $1.20 by early next month. If it fails, the next support sits at $0.70.
