remained unchanged over the past 24 hours, trading around $3.50.
A potential break above the $3.63 resistance targets the $3.75 level for a potential 7% upside, according to CoinDesk Research’s technical analysis model.
The token underperformed the broader crypto market and its trading volume remained subdued throughout the period. The broader crypto market index, the Coindesk 20 Index, was 1.1% higher at press time.
The model showed that APT price carved out a range of $0.16, representing 4.6% of current levels, as it advanced from session lows near $3.45.
Volume soared to 2.48 million shares on Oct. 26, marking a 68% rise above the 24-hour average of 1.47 million, before fading quickly as the price hit resistance at $3.63, according to the model.
According to the model, several failed breakout attempts in the $3.60-$3.63 area have established this level as a critical technical barrier.
The combination of modest gains coupled with tepid volume generally signals retail-focused activity rather than significant institutional flows, suggesting traders remain in wait-and-see mode at current levels.
Technical analysis:
- Main support holds between $3.48 and $3.485 after a successful defense during the recent pullback, while resistance remains firm between $3.60 and $3.63 after several rejection attempts.
- 24-hour volume averaged 7.9% above the 7-day moving average, but fell short of the 5% institutional commitment threshold, indicating retail-focused flows rather than significant capital deployment.
- The formation of a V-bottom over a 60-minute time frame suggests a short-term bullish structure, with higher lows of $3.45 to $3.48 confirming short-term uptrend momentum.
- A break above the $3.63 resistance targets the $3.75 level for a potential 7% upside, while violation of the $3.48 support exposes the $3.40 to $3.45 area.
Disclaimer: Portions of this article were generated with the help of AI tools and reviewed by our editorial team for accuracy and compliance. our standards. For more information, see CoinDesk Comprehensive AI Policy.
