APTOS ‘APT -Token gathered more than 4% on a significant volume, with momentum indicators that suggest more potential upside, according to Coindesk Research’s technical analysis model.
The digital asset broke out of its consolidation phase between $ 4.65- $ 4.73, which established strong support for $ 4.73 before pushing through previous resistance levels to establish a new local high, according to the model.
The token is currently 2.6% higher and trades about $ 4.86.
The wider market meter, Coindesk CD20 was 1.75% higher upon publication time.
Technical Analysis:
- APT ranged from $ 4.65 to $ 4.85, representing a gain of 4.3% with significant volume confirmation.
- Price formed a clear consolidation pattern between $ 4.65- $ 4.73 before experiencing a decisive outbreak at 1 p.m. 09:00 with volume almost doubled the 24-hour average.
- Strong support established at $ 4.73 with subsequent price action forming an increasing channel with resistance to $ 4.85.
- Significant volume tip during 16:00 Light (884,397 units) confirmed the buyer transformation as appropriate pushed through previous resistance levels.
- The price formed a clear pattern of higher low low, while encountering resistance to $ 4.85, which was violated during 20:01 candles with significant volume (10,126 units).
- The most important technical development happened as the price rose from $ 4.84 to $ 4.85 with strong volume confirmation (9.094 units).
- Support for $ 4.84 held through subsequent gene test, with final minutes showing crucial momentum, suggesting potential continuation of uptrend.
