declined 1.7% to $1.70 over the last 24 hours, underperforming the broader crypto markets.
The broader market indicator, the CoinDesk 20 index (CD20), was down 0.7% at the time of publication.
This decline occurred amidst notably subdued trading activity, with APT’s volume running 16% below its 30-day average, suggesting limited institutional confidence in the price advance, according to CoinDesk Research’s technical analysis model.
The model highlighted that Aptos established a volatile trading range with total fluctuations of $0.12, equating to 6.7% of the token’s value.
Technical analysis indicates significant resistance emerging near $1.78 during a morning breakout attempt that failed on elevated volume, according to the model.
In the absence of clear fundamental drivers, technical levels become critical as the token consolidates between established support at $1.69 and resistance near $1.80.
The recovery from intraday lows indicates underlying buying interest that prevents a more substantial breakdown, as noted by the model.
Technical Analysis
- Key resistance zone between $1.78-$1.80 where volume-driven rejections occur
- Near-term ceiling at $1.72 based on recent consolidation highs
- 24-hour volume deficit of 16% versus 30-day average indicates weak conviction
- Established range-bound consolidation between $1.69-$1.80 boundaries
- Upside targets: Initial resistance $1.72, extended target $1.78-$1.80 zone
- Downside risks: Support test at $1.69, breakdown level below $1.66
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.
