down 1.7% to $1.70 over the past 24 hours, underperforming broader crypto markets.
The broader market gauge, the CoinDesk 20 Index (CD20), was 0.7% lower at press time.
The drop came amid notably muted trading activity, with APT’s volume running 16% below its 30-day average, suggesting limited institutional conviction behind the price advance, according to CoinDesk Research’s technical analysis model.
The model showed that Aptos established a volatile trading range with a total swing of $0.12, which represented 6.7% of the token’s value.
Technical analysis reveals significant resistance emerging near $1.78 during an early morning breakout attempt that failed on elevated volume, according to the model.
In the absence of clear fundamental drivers, technical levels become paramount as the token consolidates between established support at $1.69 and resistance near $1.80.
The rebound from low intraday levels demonstrates underlying buying interest preventing a more significant breakdown, the model said.
Technical Analysis
- Key resistance zone between $1.78-$1.80 where volume driven rejection is occurring
- Short term cap of $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 limits
- Upside target: Initial resistance $1.72, extended target $1.78-$1.80 zone
- Downside Risks: Support test at $1.69, break below $1.66
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.
