The governance token APT of the Layer 1 blockchain network Aptos has experienced a notable drop in price over the past month, reflecting the overall decrease in cryptocurrency market activity. Currently trading at $5.82, the altcoin has seen a 30% decrease in value. The heightened volatility of APT is evident through indicators like Bollinger Bands and Average True Range (ATR). The widening gap between the upper and lower bands of Bollinger Bands signals increased market volatility, potentially leading to further price declines. APT's ATR, currently at 0.48, has been increasing since July 1, indicating a spike in market volatility. Despite a decline in price, the token has seen a rise in daily trading volume, creating a bearish divergence. While high selling activity may push the price down to $5.62, extreme spikes in volume could hint at a possible price reversal above $5.90. Read more AI-generated news on: https://app.chaingpt.org/news