APT fell 1% to $1.56 over the past 24 hours as broader crypto markets also retreated. The CoinDesk 20 index was 0.6% lower at press time.
The token traded between $1.62-$1.56 during the 24-hour period, establishing a $0.06 range, representing 3.6% intraday volatility, according to CoinDesk Research’s technical analysis model.
The model showed a battle between bulls and bears at $1.63 resistance in the evening hours.
Support held near $1.56 as momentum faded into thin holiday trading, according to the model.
Volume rose 71% above its 24-hour average to 4.69 million tokens, coinciding with selling pressure from the session high of $1.62, the model said.
The token completed a double bottom formation at $1.52 support before rallying through $1.56 resistance.
Technical analysis:
- Primary resistance is holding firm at $1.66 through multiple tests, while support is consolidating near $1.56
- 11% decline in volume versus 30-day metrics signals trader fatigue, although selective spikes above 46,000 tokens reveal pockets of accumulated interest
- Double bottom structure at $1.52 support triggers recent rally attempt, creating potential launch pad for moves above $1.56 resistance
- Upside breakout targets $1.58-$1.585 resistance cluster, while break below $1.56 support opens path to $1.52 retest levels
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.
