gained 7.8% to $1.91 over the last 24 hours, outpacing the broader cryptocurrency market as institutional flows drove price through key technical resistance.
The rally advanced from $1.78 to $1.91, establishing clear upward momentum with support holding firm at the $1.74 level, according to CoinDesk Research’s technical analysis model.
The broader market gauge, the CoinDesk 20 index, was 5.% higher at publication time.
Trading volume validated APT’s breakout move, according to the model. Activity was 30% above the 30-day average, signaling genuine institutional interest rather than retail-driven volatility.
The model showed that volume spiked to 4.83 million tokens, 142% above the 24-hour average, as price broke through $1.80 resistance.
Each successive move higher attracts increasing institutional participation, the model said.
Aptos is facing a $19.8 million token unlock on Dec.12, equivalent to 1.5% of the token’s market cap.
Technical Analysis:
- Strong support established at $1.74 with resistance at $1.90 psychological level
- 24-hour activity exceeds monthly baseline by 30%, indicating substantive institutional participation
- Clean ascending channel formation with higher lows at $1.81, $1.846, and $1.858
- Next upside target at $1.90 aligns with broader bullish trajectory; stop-loss below $1.74 support
Disclaimer: Parts of this article were generated with the assistance from AI tools and reviewed by our editorial team to ensure accuracy and adherence to our standards. For more information, see CoinDesk’s full AI Policy.
