was unchanged over the past 24 hours, trading around $3.50.
A potential breakout above $3.63 resistance targets the $3.75 level for potential 7% upside, according to CoinDesk Research’s technical analysis model.
The token underperformed the broader crypto market and its trading volume remained muted throughout the period. The broader crypto market gauge, the Coindesk 20 Index, was 1.1% higher at press time.
The model showed APT Price carving out a $0.16 range, representing 4.6% of current levels, as it advanced from session lows near $3.45.
Volume rose to 2.48 million shares on October 26, marking a 68% increase over the 24-hour average of 1.47 million, before quickly falling as the price hit resistance at $3.63, according to the model.
Several failed breakout attempts in the $3.60-$3.63 zone established this level as a critical technical barrier, the model said.
The combination of modest gains paired with tepid volume typically signals retail-driven activity rather than meaningful institutional flows, suggesting traders remain in a wait-and-see mode at current levels.
Technical analysis:
- Primary support holds at $3.48-$3.485 after successful defense during recent pullback, while resistance remains firm at $3.60-$3.63 after several rejection attempts
- 24-hour volume averaged 7.9% above the 7-day moving average but exceeded the 5% institutional exposure threshold, indicating retail-driven flows rather than significant capital spread
- V-bottom formation on a 60-minute time frame suggests a short-term bullish structure, with higher lows from $3.45 to $3.48 confirming short-term uptrend momentum
- Break above $3.63 resistance targets $3.75 level for potential 7% upside, while breach of $3.48 support reveals $3.40-$3.45 zone
Disclaimer: Portions of this article were generated with the help of AI tools and reviewed by our editorial staff to ensure accuracy and compliance with our standards. For more information, see CoinDesk’s full AI policy.
