up 2.4% to $1.90 in the last 24 hours.
The token outperformed the broader crypto market, while trading volume rose 40% above its 30-day average. The CoinDesk 20 Index (CD20) added 1.5% over the same period.
The token’s combination of contained price movement with elevated activity typically signals institutional positioning ahead of larger moves, according to CoinDesk Research’s technical analysis model.
The model showed that muted price action masked the underlying accumulation dynamics that traders monitor for breakout signals.
APT established higher lows within a $0.14 range, the model said.
The 7.6% interday range represents normal volatility for the tier-1 token, but the volume increase suggests accumulated smart money positions without aggressively pushing prices higher, according to the model.
Technical analysis:
- Immediate support holds at $1.88 with ceiling resistance moving near $1.91 while a broader structure shows a floor target of $1.88 $1.92
- A 40% increase in volume above the monthly average concentrated during the morning session, indicating institutional accumulation patterns
- Three consecutive higher lows confirm an uptrend structure as momentum builds above the $1.90 pivot level
- Next resistance at $1.92 is consistent with trend forecasts per hour, while the current $1.90 level offers consolidation grounds for further progress
Disclaimer: Parts of this article were generated with the help of AI tools and reviewed by our editorial staff to ensure accuracy and adherence to our standards. For more information, see CoinDesk’s full AI policy.
