decreased 1.7% to $1.70 in the last 24 hours, underperforming the broader crypto markets.
The broader market gauge, the CoinDesk 20 Index (CD20), was 0.7% lower at press time.
The drop occurred against a backdrop of notably subdued trading activity, with APT volume 16% below its 30-day average, suggesting limited institutional conviction behind the price advance, 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 value.
Technical analysis reveals significant resistance emerging near $1.78 during an early morning breakout attempt that failed due to elevated volume, according to the model.
In the absence of clear fundamental drivers, technical levels become paramount as the token consolidates between the support established at $1.69 and resistance near $1.80.
The recovery from intraday lows demonstrates underlying buying interest preventing a more significant collapse, according to the model.
Technical analysis
- Key resistance zone between $1.78 and $1.80 where volume-driven rejection occurs
- Short-term top of $1.72 based on recent consolidation highs
- A 24-hour volume deficit of 16% versus the 30-day average indicates weak conviction
- Range consolidation set between $1.69 and $1.80
- Upside Targets: Initial Resistance at $1.72, Expanded Target Zone at $1.78-$1.80
- Downside Risks: Test support at $1.69, breakout level below $1.66
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.
