Aptos (APT) is currently trading at $1.22, reflecting a 24-hour decline of 3.76%. The daily range shows a slight volatility, with a high of $1.28 and a low of $1.20, indicating limited movement within the session.

The volume of 87,203,168 and a volume-to-market cap ratio of 9.36% suggest moderate trading activity, but the downward price momentum raises concerns. The hourly moving averages indicate a bearish trend, with the 8 SMA at $1.22 showing a slight decrease of 0.29%, and longer-term averages trending even lower, with the 144 SMA at $1.31 down 6.60%.

The Relative Strength Index (RSI) readings further emphasize the bearish sentiment, with the 1-hour RSI at 28 indicating oversold conditions, while the 7-day RSI at 41 suggests continued weakness. The price changes over multiple periods are concerning, with a 7-day decline of approximately 23%, a 14-day drop of 22.63%, and a staggering 30-day decrease of nearly 38%.

Historically, APT reached an all-time high of $19.92 on January 26, 2023, but current pricing reflects significant underperformance and market skepticism. This substantial retracement from its peak highlights the need for cautious trading strategies as the asset struggles to regain bullish momentum.

Given the current bearish trend across multiple indicators and the overall market sentiment, the recommendation is to Hold APT. While there is potential for recovery, the prevailing downward momentum and weak RSI signals suggest it is not yet the right time to enter or increase positions. Monitoring for signs of stabilization or reversal would be prudent before considering a Buy.