Aptos and Sui Underperform as Layer-1 Tokens Consolidate Amid Broader Market Gains

Aptos' APT token is trading at $2.25, having slipped 0.6% in the last 24 hours, while major cryptocurrencies like Bitcoin and Ethereum show growth. The token remains confined to a narrow range between $2.23 support and $2.39 resistance, despite a 47% volume spike that saw daily volume reach $126 million and market capitalization hold at $1.65 billion. A recent breakout attempt above $2.39 failed, with price action forming lower highs and pulling back, indicating stagnation compared to outperformers like Solana and Avalanche.

Meanwhile, Sui's SUI token has also lagged, declining 4% over the past 24 hours as broader market sentiment improves. Both Aptos and Sui, as Move-based Layer-1 blockchains, are attracting attention due to their scalable smart contract infrastructure and developer activity, but institutional desks have not significantly increased exposure to APT during the market upswing. Trading activity for APT remains nearly 10% above weekly averages, suggesting persistent market interest despite the lack of directional momentum.

Analysts note that a confirmed move above $2.39 for APT could trigger bullish scenarios, while a break below $2.23 support may lead to deeper corrections. The CoinDesk 20 index rose 3.8%, highlighting the divergence between these Layer-1 tokens and the wider market, with traders monitoring volume and liquidity for potential breakout setups.