Aptos (APT) continues its downward movement, currently trading at $6.20 after a 4.85% drop in the last 24 hours. The market capitalization has decreased to $3.65 billion, down 4.83%, while the 24-hour trading volume has plunged by 43.89% to $144.1 million. The market cap ratio of 3.95% suggests lower trading activity, reflecting weak investor sentiment.

APT remains in a consolidation phase, with support at $6.18 and resistance at $6.24. If the price moves above $6.24, it may test the next resistance at $6.30. On the downside, a drop below $6.18 could see the price decline further to $6.10.

Technical indicators show mild bearish momentum. The Relative Strength Index (RSI) is at 40.54, indicating that APT is not yet oversold but remains weak. A move above 50 could signal a potential trend reversal, while a dip below 30 would indicate oversold conditions, increasing the chance of a rebound. The Chaikin Money Flow (CMF) stands at -0.16, pointing to weak buying pressure and capital outflows. If CMF turns positive, it may suggest renewed accumulation, potentially driving prices higher.

APT is currently trading near its short-term moving average, with no clear bullish signal. A potential bullish crossover, where the short-term moving average crosses above the long-term moving average, could indicate an uptrend. However, for now, market sentiment remains uncertain.

The key levels to watch are $6.24 for a breakout to the upside and $6.18 for potential downside risk. RSI and CMF suggest weak demand, and unless buying pressure increases, APT may continue to struggle. If momentum shifts, APT could retest $6.30, but failure to hold support may lead to further declines.