rose 7.8% to $1.91 over the past 24 hours, outperforming the broader cryptocurrency market as institutional flows drove the price through key technical resistance.
The rally rose from $1.78 to $1.91, establishing clear upward momentum with support holding at the $1.74 level, according to CoinDesk Research’s technical analysis model.
The broader market gauge, the CoinDesk 20 Index, was 5.% higher at press time.
Trading volume validated APT’s breakout move according to the model. Activity was 30% above the 30-day moving average, signaling genuine institutional interest rather than retail-driven volatility.
The model showed volume rising to 4.83 million tokens, 142% above the 24-hour average, as the price broke through the $1.80 resistance.
Each successive move higher attracts increasing institutional participation, the model said.
Aptos faces a $19.8 million token unlock on December 12, equivalent to 1.5% of the token’s market cap.
Technical analysis:
- Strong support established at $1.74 with resistance at $1.90 psychological level
- 24-hour activity exceeds the monthly baseline by 30%, indicating significant institutional participation
- Pure bullish channel formation with higher lows of $1.81, $1.846 and $1.858
- Next upside target of $1.90 is consistent with a broader bullish trajectory; stop-loss below $1.74 support
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.
