Market Overview: APTBTC Bears Consolidate After Failed Resistance Test

Summary
• APTBTC declined 0.59% in 24 hours, forming bearish engulfing and inside bars near key resistance.
• Volatility remained moderate with Bollinger contraction into the late night, suggesting potential consolidation.
• RSI approached oversold territory, hinting at possible short-term buying interest.

Aptos/Bitcoin (APTBTC) opened at 1.973e-05 on 2026-01-17 at 12:00 ET, peaked at 1.994e-05, and closed at 1.91e-05 on 2026-01-18 at 12:00 ET. Total volume reached 31,156.63, with $0.598 million in notional turnover.

Structure & Formations

Price tested a key resistance zone between 1.98e-05 and 1.994e-05 repeatedly over the 24-hour window, with bearish engulfing patterns forming after 17:00 ET on 2026-01-17. The asset then consolidated into a lower range between 1.904e-05 and 1.925e-05, marked by inside bars and a bearish pinbar on 2026-01-18 at 12:00 ET.

Moving Averages and Momentum

Short-term moving averages (20/50) on the 5-minute chart remained below price action, confirming the bearish bias. The 50-period MA on the daily chart is likely acting as dynamic resistance. RSI hit 30 in the final hours, signaling a potential short-term rebound, while MACD showed negative divergence, suggesting further downside could follow.

Volatility and Volume

Bollinger Bands contracted during the night (02:00–06:00 ET), indicating reduced volatility and potential for a breakout. However, volume remained below average during this period, weakening the likelihood of a strong directional move. The largest volume spike occurred at 15:30 ET, where buying pressure pushed price up to 1.925e-05, but failed to hold.

Key Levels and Fibonacci

Support levels at 1.904e-05 and 1.89e-05 appear solid based on recent Fibonacci retracements from the 1.994e-05 high. A test of 1.883e-05 could confirm a deeper correction if volume surges. Resistance remains at 1.914e-05 and 1.925e-05, with a critical breakout point at 1.93e-05.

Over the next 24 hours, a retest of 1.91e-05 could trigger short-term buying. However, a break below 1.89e-05 may increase downside risk, particularly if volume rises with the move. Investors should monitor price action around 1.914e-05 and 1.925e-05 for potential reversal cues.