posted increased over the past 24 hours, rising 1.3% to $1.73.
The token maintained a close correlation with broader crypto markets throughout the period, according to CoinDesk Research’s technical analysis model.
The model showed that volume trends revealed underlying institutional accumulation.
Price action accelerated late in the period as APT broke previous resistance near $1.72 on sustained buying pressure, according to the model.
Multiple volume spikes exceeded 40,000 tokens, confirming institutional participation in the breakout movement, according to the model.
The broader market index, the CoinDesk 20 Index, was 0.5% higher at press time.
Technical analysis:
- Main support established at $1.67
- Immediate resistance cluster targets $1.735-$1.74 area
- A break above $1.72 validates the bullish momentum structure
- The 24-hour average reached 2.76 million tokens
- Volume expansion of 11.8% above the 7-day moving average confirms the accumulation trend
- Price Action Validates the Institutional Accumulation Thesis Through Volume-Price Correlation
- Upside targets focus on the $1.735-$1.74 resistance group
- Downside protection anchored at $1.67 support level
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.
