Market Overview for Aptos/Yen (APTJPY) as of 2025-11-06

Summary
• APTJPY opened at 412.3, touched a high of 417.1, and closed at 405.4, with a low of 404.8.
• A bearish reversal pattern formed after hitting intraday highs, followed by a breakdown below key support.
• Volume spiked during the morning ET selloff, suggesting increased bearish conviction.
• RSI entered oversold territory late in the 24-hour period, hinting at potential short-term stabilisation.

APTJPY traded with a clear bearish bias over the last 24 hours, opening at 412.3 and reaching a high of 417.1 before closing at 405.4. The total traded volume was 11,723.38 units, with a notional turnover of approximately JPY 4,858,063.40. The price action shows a breakdown of a critical support level near 411.0 and continued selling pressure into the early hours of 2025-11-06.

From a structural perspective, 411.0 appears as a strong resistance-turned-support-turned-breakdown level, while 405.4 marks a new short-term low. A bearish engulfing pattern emerged around 01:30 ET, confirming the reversal from bullish to bearish momentum. Additionally, the price action from 417.1 to 404.8 suggests a potential exhaustion of buyers and a shift in market sentiment.

The 20-period and 50-period moving averages on the 15-minute chart both trended downward throughout the session, reflecting the bearish bias. The RSI, which dipped into oversold territory below 30 in the final hour of the period, may hint at a potential short-term bounce. However, this should be treated cautiously, as the volume profile shows declining participation in the rebound attempt. The MACD could not be retrieved for APTJPY due to symbol issues, but the price and RSI behavior suggests a weakening trend with a possible short-term bottom forming.

On the volatility front, the price spent most of the session inside a narrowing Bollinger Band envelope before breaking out to the downside. The 38.2% Fibonacci retracement level (412.0) acted as a short-term resistance, while the 61.8% level (408.5) provided temporary support. However, the 405.4 close suggests further downside risk may remain.

Backtest Hypothesis
A backtest strategy is currently constrained by the unavailability of APTJPY MACD data, likely due to an incorrect ticker symbol. To proceed, it is necessary to confirm the correct ticker format for Aptos/Yen—such as “APT/JPY”, “APTJPY=X”, or an alternative paired with USD. If JPY pricing remains unavailable, shifting the analysis to APT-USD could still provide valuable insight into the asset’s momentum characteristics. Once the correct symbol is confirmed, we can re-query the MACD data and proceed with identifying all golden-cross events since 2022. Each golden-cross event will then be evaluated for the subsequent price performance and risk-reward profile, enabling a clearer view of the asset’s trend-following potential.