It gained 4.5% to $1.63 even as trading activity remained muted, with 24-hour volume falling 29% below its 30-day average, according to CoinDesk Research’s technical analysis model.
APT outperformed the broader crypto markets. The market’s broadest indicator, the CoinDesk 20 index, was up 2.4% at press time.
The model showed that the advance occurred without clear fundamental drivers, reflecting broader cryptocurrency market dynamics rather than token-specific momentum.
According to the model, the price action suggested a consolidation rather than a decisive directional move.
Volume peaked at 5.7 million tokens, 102% above the 24-hour average of 2.83 million, as the token broke the $1.59 resistance, the model showed.
The token established an ascending channel pattern before testing resistance near $1,649 and settling at current levels, according to the model.
Technical analysis:
- Primary support remains at $1.59 after successful breakout test
- The immediate resistance zone spans between $1.65 and $1.655
- The session range of $0.09 represents 5.6% of the total price movement
- 24-hour volume decreased 29% below the 30-day average, indicating reduced conviction
- Ascending channel formation maintains pattern of higher lows
- The immediate bullish target is at the confluence of resistance at $1,655
- Downside support remains at the $1.59 breakout level
Disclaimer: Portions of this article were generated with the help of artificial intelligence tools and were reviewed by our editorial team to ensure accuracy and compliance with our standards. For more information, see CoinDesk’s full AI Policy.
