APT slipped 1% to $1.56 over the past 24 hours, as broader crypto markets also retreated. The CoinDesk 20 Index was down 0.6% at press time.
The token traded between $1.62 and $1.56 over a 24-hour period, establishing a range of $0.06 representing 3.6% intraday volatility, according to CoinDesk Research’s technical analysis model.
The pattern showed a battle between the bulls and bears at the $1.63 resistance during the evening.
Support remained firm near $1.56 as momentum faded and holiday trading was thin, according to the model.
Volume soared 71% above the 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 the $1.52 support level before breaking through the $1.56 resistance.
Technical analysis:
- Primary resistance remains firm at $1.66 through multiple tests while support consolidates near $1.56.
- An 11% drop in volume compared to 30-day metrics signals trader fatigue, although selective spikes above 46,000 tokens reveal pockets of accumulation interest.
- The double bottom structure at $1.52 support triggers a recent rally attempt, creating a potential launch pad for moves above $1.56 resistance.
- The upside break targets the $1.58 resistance group at $1.585, while a break below $1.56 support opens the way to retest levels of $1.52.
Disclaimer: Portions of this article were generated with the help of AI tools and reviewed by our editorial team for accuracy and compliance with our standards. For more information, see CoinDesk’s full AI policy.
