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Summary
• Price tested key resistance near 1.853e-05 but failed to hold above 1.83e-05.
• Momentum indicators show weakening bullish momentum and potential bearish reversal.
• Volatility expanded in the early session but has since compressed, suggesting range-bound activity.
• Volume surged near the 24-hour low, confirming bearish pressure.
• RSI entered oversold territory, but price action failed to generate a bullish rebound.
The Aptos/Bitcoin pair opened at 1.846e-05 on 2025-12-22 12:00 ET and closed at 1.826e-05 on 2025-12-23 12:00 ET. The 24-hour high reached 1.875e-05, while the low dipped to 1.794e-05. Total volume amounted to 84,507.45 and notional turnover stood at 1.538 BTC.
Structure & Formations
Price formed multiple bearish engulfing patterns during the early morning hours and a doji near 1.812e-05, signaling indecision. A key resistance level at 1.836e-05 was tested multiple times but failed to hold, reinforcing bearish control.
Moving Averages
The 20-period and 50-period moving averages on the 5-minute chart remained in a downward bias, with price frequently dipping below both. On the daily chart, the 50/200-period MA crossover suggests a bearish trend is in place.
MACD & RSI
The MACD histogram showed a bearish divergence as price bottomed but failed to confirm a rebound.

Bollinger Bands
Volatility expanded during the early morning as price hit the lower Bollinger band multiple times. A contraction in band width in the afternoon suggests a potential breakout or continuation.
Volume & Turnover
Volume surged near the 24-hour low, confirming bearish pressure. However, a divergence appeared between volume and price near 1.82e-05, suggesting a possible exhaustion of selling.
Fibonacci Retracements
A key 50% retracement level of the 1.794e-05 to 1.875e-05 move sits at 1.835e-05, where price stalled and reversed. A break below 1.794e-05 would target the next 38.2% retracement at 1.815e-05.
Price appears to be consolidating within a descending channel. While the RSI suggests short-term oversold conditions, the lack of a strong bullish reversal implies caution is warranted. Investors may want to watch for a break below the 1.794e-05 level, which could extend the downward trend, but risk a short-term bounce as momentum indicators suggest a potential pause.
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