down 5% to $1.50 in the past 24 hours.
The token established lower highs and lower lows within a $0.1429 range, according to CoinDesk Research’s technical analysis model.
The model showed APT rising to $1.64 on high volume before crashing back down. This created strong resistance at that level.
Volume hit 258% above the 24-hour moving average during the rejection. Selling pressure intensified below the $1.56 support zone, according to the model.
The elevated trading activity reached 23% above the 30-day average, the model showed. This indicated genuine institutional interest rather than low-volume technical moves.
The decline in APT came as broader crypto markets also declined. The broader market gauge, the CoinDesk 20 Index, was 2.1% lower at press time.
Technical analysis:
- Strong resistance established at the $1.64 level after rejection of volume spikes
- The volume increase to 6.88 million confirmed selling pressure of 258% above 24-hour SMA
- Sustained volume above 6 million during breakdown phases validated the bearish structure
- Lower highs and lower lows established the bearish structure
- Immediate resistance at $1.53 needs to be regained to recover
- A break below the $1,515 support targets lower levels, while $1.64 remains the key upside barrier
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.
