advanced 2.4% to $1.90 in the last 24 hours.
The token has outperformed the overall crypto market, with trading volume increasing by 40% compared to its 30-day average. The CoinDesk 20 Index (CD20) rose by 1.5% during the same timeframe.
According to CoinDesk Research’s technical analysis model, the token’s modest price movement alongside increased activity typically indicates institutional positioning ahead of significant changes.
This model revealed that subdued price action concealed underlying accumulation patterns that traders monitor for breakout indicators.
APT established higher lows within a $0.14 range, according to the analysis.
The 7.6% intraday range reflects normal volatility for the layer-1 token, but the surge in volume suggests that smart investors are building positions without aggressively raising prices, per the model.
Technical Analysis:
- Immediate support is at $1.88 while resistance limits movements near $1.91, and the broader structure indicates that the $1.88 floor is targeting $1.92.
- A 40% increase in volume above the monthly average was concentrated during the morning session, signaling institutional accumulation trends.
- Three consecutive higher lows confirm an uptrend structure as momentum builds above the $1.90 pivot level.
- The next resistance level at $1.92 aligns with hourly trend projections, while the current $1.90 level serves as a consolidation base for further gains.
Disclaimer: Portions of this article were generated with assistance from AI tools and reviewed by our editorial team to ensure accuracy and compliance with our standards. For further details, please refer to CoinDesk’s complete AI Policy.
