Aptos (APT) is currently trading at $1.22, reflecting a 24-hour change of -2.45%. The asset's daily range was relatively tight, with a high of $1.30 and a low of $1.21, indicating a lack of significant volatility in the short term.

Volume stands at approximately $72.9 million, which accounts for 7.79% of the market cap, suggesting moderate trading activity. The hourly moving averages indicate a bearish trend, with the 8 SMA at $1.24 down 1.98%, and the longer-term 144 SMA at $1.32 reflecting a more pronounced decline of 7.48%.

The 1-hour RSI is notably low at 21, signaling oversold conditions, while the 7-day RSI at 41 suggests that the asset is nearing neutral territory. Over the past week, APT has declined by approximately 23.71%, with losses of 19.97% over the past two weeks and a steep 38.36% drop in the last 30 days, indicating a persistent downtrend.

The all-time high for APT was $19.92, achieved on January 26, 2023, highlighting the significant distance from its peak value. Current price levels indicate a strong correction phase, and the lack of bullish momentum is further supported by the declining moving averages and recent price performance.

Given the oversold condition indicated by the low RSI, there is potential for a short-term rebound. However, the persistent downtrend and significant losses over multiple time frames suggest that any recovery may be limited and not sustained.

Rating: Hold. The current price action indicates potential for a short-term bounce, but the overall bearish trend and substantial previous losses warrant caution before entering new positions.