made gains over the past 24 hours, rising 1.8% to $1.76 despite headwinds from an approaching token unlock.
The altcoin lagged the broader crypto market and signaled selective rotation as traders weighed near-term supply pressures against technical momentum, according to CoinDesk Research’s technical analysis model.
The broader market gauge, the CoinDesk 20 Index, was 2.8% higher at press time.
Volume patterns told the real story, the model showed.
Trading activity jumped 46% above the 30-day average, creating a backdrop of active price discovery rather than thin, directional drift according to the model.
The elevated turnover suggests institutional players are repositioning ahead of the planned supply increase, with sophisticated money driving the $0.11 intraday range, the model said.
APT opened at $1.73 before falling and recovering to $1.77, establishing a volatile recovery pattern that showed competing forces.
6.2% intraday volatility reflects true two-way interest rather than illiquid price gaps, the model showed, with the high volume confirming active institutional engagement despite fundamental headwinds.
Technical Analysis
- Primary support is at $1.67-$1.68 zone after several successful tests
- Resistance confirmed at $1.72 after sharp rejection triggered 170% volume surge
- Higher lows pattern is emerging from the overnight session through the current $1.76 level
- Maximum volume hit 9.1 million tokens on December 7 at 14:00, and runs 170% above the 24-hour average
- Sustained above average turnover indicates continued positioning ahead of unlock
- Immediate resistance is $1.77-$1.775 based on recent hourly highs
- The support structure is intact above $1.67 after several successful tests
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.
