fell 1.7% to $1.70 over the past 24 hours, underperforming broader crypto markets.
The broader market gauge, the CoinDesk 20 Index (CD20), was down 0.7% at press time.
This drop occurred amid particularly muted trading activity, with APT volume 16% below its 30-day average, suggesting limited institutional conviction behind the price rally, according to CoinDesk Research’s technical analysis model.
The model showed that Aptos established a volatile trading range with a total fluctuation of $0.12, representing 6.7% of the token’s value.
Technical analysis reveals significant resistance emerging near $1.78 during an early morning breakout attempt that failed on high volume, according to the model.
In the absence of clear fundamental factors, technical levels become paramount as the token consolidates between established support at $1.69 and resistance near $1.80.
Recovery from intraday lows demonstrates underlying buying interest that prevents a larger breakout, according to the model.
Technical analysis
- Key resistance area between $1.78 and $1.80 where volume-related rejection occurs
- Short-term cap at $1.72 based on recent consolidation highs
- A 24-hour volume deficit of 16% relative to the 30-day average indicates low conviction
- Consolidation established between the limits of $1.69 and $1.80
- Upside Targets: Initial Resistance $1.72, Extended Target Zone $1.78-$1.80
- Downside Risks: Testing Support at $1.69, Breakdown Level Below $1.66
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.
