decreased 5% to $1.50 in the last 24 hours.
The token formed lower highs and lower lows within a $0.1429 range, based on CoinDesk Research’s technical analysis model.
This model indicated that APT surged to $1.64 on strong volume before plummeting back down, establishing significant resistance at that level.
Volume surged to 258% above the 24-hour moving average during the pullback, highlighting increased selling pressure below the $1.56 support zone, according to the model.
The heightened trading activity was 23% above the 30-day average, suggesting genuine institutional interest rather than mere low-volume technical moves.
The decline in APT coincided with a broader downturn in the cryptocurrency market; the CoinDesk 20 index was down by 2.1% at the time of publication.
Technical Analysis:
- Significant resistance established at the $1.64 level after volume spike rejection
- The volume increase to 6.88 million confirmed selling pressure at 258% above the 24-hour SMA
- Sustained volume above 6 million during breakdown phases validated the bearish trend
- Lower highs and lower lows confirmed the bearish structure
- Immediate resistance at $1.53 must be reclaimed for recovery
- A break below $1.515 support targets lower levels while $1.64 remains a crucial upside barrier
Disclaimer: Some portions of this article were created with the help of AI tools and reviewed by our editorial team for accuracy and adherence to our standards. For further details, see CoinDesk’s full AI Policy.
