Aptos (APT) is currently trading at $1.026, reflecting a significant 24-hour decline of 16.67%. The price has oscillated between a high of $1.23 and a low of $0.934435 over the past day, indicating heightened volatility and bearish sentiment.

The trading volume stands at approximately 198.58 million, representing 25.25% of its market capitalization. This level of volume, combined with the daily range of 0.295565%, suggests market participants are either liquidating positions or are hesitant to enter new trades amidst the downward pressure.

Technical indicators reveal a bearish trend, with the hourly Simple Moving Averages (SMAs) showing considerable negative momentum. The 8 SMA is at $1.08 (-4.80%), while the 55 SMA is at $1.21 (-15.04%), indicating that short-term trends are consistently underperforming against longer-term averages.

The Relative Strength Index (RSI) is notably low, with an hourly RSI of 12 indicating extreme oversold conditions. The 7-day RSI at 37 is also approaching oversold territory, suggesting that while a rebound could occur, the current momentum remains bearish.

Over the past week, APT has experienced a price drop of 31.47%, with a more severe decline of 33.72% over the past 14 days and a staggering 46.71% drop in the last 30 days. This prolonged bearish trend signals a lack of bullish support, with the price significantly diverging from its all-time high of $19.92 established in January 2023.

Given the technical indicators, significant price declines, and bearish sentiment reflected in the RSI and moving averages, the market is currently not favorable for buying APT. The analysis supports a Sell rating as the risk of further declines remains high, and traders should look for stabilization or bullish signals before considering re-entry into the market.