Aptos (APT) Eyes Breakout as Price Surges Over 10%

Aptos (APT) is at a critical support level of $8.09, which could determine whether it rebounds or continues its decline. Recent data shows a significant sell-off, with APT dropping 6.61% in the last 24 hours and 10.05% over the past week. On-chain metrics indicate strong bearish pressure, with $1.65 million in liquidations, mostly from long positions. Declining Open Interest and rising Exchange Netflow suggest waning market confidence, potentially leading to further price drops.