increased in the last 24 hours, rising 1.3% to $1.73.
The cryptocurrency closely tracked the overall crypto markets during this time, as noted in CoinDesk Research’s technical analysis model.
This model illustrated that volume trends indicated a significant accumulation by institutional investors.
Price movements intensified towards the end of the timeframe as APT broke through the previous resistance level around $1.72 due to persistent buying activity, according to the model.
Several volume surges surpassed 40,000 tokens, affirming institutional engagement in the upward movement, the model indicated.
The broader crypto market index, the CoinDesk 20, was up 0.5% at the time of this report.
Technical Analysis:
- Key support identified at $1.67
- Immediate resistance zone aims at $1.735-$1.74
- Breakout above $1.72 confirms upward momentum
- 24-hour average volume reached 2.76 million tokens
- Volume expansion of 11.8% above the 7-day moving average validates accumulation trend
- Price movement supports the institutional accumulation thesis via volume-price correlation
- Upside targets concentrate on the $1.735-$1.74 resistance area
- Downside protection secured at the $1.67 support
Disclaimer: Portions of this article were generated with AI assistance and reviewed by our editorial team for accuracy and compliance with our standards. For further details, refer to CoinDesk’s complete AI Policy.
