fell 5% to $1.50 in the last 24 hours.
The token established lower highs and lower lows in the $0.1429 range, according to CoinDesk Research’s technical analysis model.
The model showed that APT rose to $1.64 on heavy volume before falling back. This created strong resistance at this level.
Volume reached 258% above the 24-hour moving average during the rejection. Selling pressure intensified below the $1.56 support zone, according to the pattern.
High trading activity reached 23% above the 30-day average, the model showed. This indicated genuine institutional interest rather than low-volume technical measures.
The decline in APT occurred as broader crypto markets also fell. The broader market gauge, the CoinDesk 20 Index, was 2.1% lower at press time.
Technical analysis:
- Strong resistance established at the $1.64 level following rejection of peak volume
- The increase in volume to 6.88 million confirmed selling pressure at 258% above the 24-hour SMA.
- Sustained volume above 6 million during breakdown phases validated bearish structure
- Lower highs and lower lows established the bearish structure
- Immediate resistance at $1.53 must be reclaimed for recovery
- A break below the $1.515 support targets lower levels while $1.64 remains the main barrier to the upside.
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.
