gained 7.8% to $1.91 over the past 24 hours, outpacing the broader cryptocurrency market as institutional flows pushed prices higher through key technical resistance.
The rally moved from $1.78 to $1.91, establishing clear upward momentum with support holding at the $1.74 level, according to CoinDesk Research’s technical analysis model.
The broader market indicator, the CoinDesk 20 Index, was 5.% higher at press time.
Trading volume validated APT’s breakout move, according to the model. Activity was 30% above the 30-day average, signaling genuine institutional interest rather than retail-driven volatility.
The model showed that volume reached 4.83 million tokens, 142% above the 24-hour average, as the price broke through the $1.80 resistance.
Each successive upward movement attracts increasing institutional participation, according to the model.
Aptos faces a $19.8 million token release on December 12, equivalent to 1.5% of the token’s market cap.
Technical analysis:
- Strong support established at $1.74 with resistance at $1.90 psychological level
- 24-hour activity exceeds monthly benchmark by 30%, indicating substantial institutional participation
- Clean ascending channel formation with higher lows at $1.81, $1.846 and $1.858
- The next upside target at $1.90 aligns with a broader upside trajectory; stop-loss below $1.74 support
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.
