It advanced 2.4% to $1.90 in the last 24 hours.
The token outperformed the broader crypto market, while trading volume increased 40% above its 30-day average. The CoinDesk 20 Index (CD20) added 1.5% in the same period.
The token’s combination of contained price movement with elevated activity generally indicates institutional positioning ahead of larger moves, according to CoinDesk Research’s technical analysis model.
The model showed that the silent price action masked the underlying accumulation dynamics that traders monitor for breakout signals.
APT set higher lows within a range of $0.14, depending on the model.
The 7.6% intraday range represents normal volatility for the layer 1 token, however, the increase in volume suggests accumulated smart money positions without aggressively driving prices up, according to the model.
Technical analysis:
- Immediate support remains at $1.88 with resistance limiting moves near $1.91, while the broader structure shows the floor at $1.88 with a target of $1.92.
- A volume increase of 40% above the monthly average was concentrated during the morning session, indicating patterns of institutional accumulation.
- Three consecutive higher lows confirm an uptrend structure as momentum builds above the $1.90 pivot level.
- Next resistance at $1.92 aligns with hourly trend projections, while the current level of $1.90 offers a consolidation base for further advances.
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.
