rose 4.5% to $1.63, although trading activity remained muted, with 24-hour volume falling 29% below its 30-day average, according to CoinDesk Research’s technical analysis model.
APT outperformed broader crypto markets. The broader market gauge, the CoinDesk 20 Index, was 2.4% higher at press time.
The model showed that the advance occurred without clear fundamental drivers, reflecting broader cryptocurrency market dynamics rather than token-specific momentum.
Price action suggested consolidation rather than decisive directional movement, according to the model.
Volume peaked at 5.7 million tokens, 102% above the 24-hour average of 2.83 million, as the token broke resistance at $1.59, the model showed.
The token established an ascending channel pattern before testing resistance near $1,649 and settling at current levels, the model said.
Technical analysis:
- Primary support is at $1.59 after successful breakout test
- Immediate resistance zone spans $1.65-$1.655
- Session range of $0.09 represents 5.6% of total price movement
- 24-hour volume fell 29% below 30-day average, indicating reduced conviction
- Rising channel formation maintains a higher low pattern
- The immediate upside target is at the $1,655 resistance confluence
- Downside support held at $1.59 breakout level
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.
