fell 5% to $1.50 in the last 24 hours.
The token established lower highs and lower lows within a range of $0.1429, according to CoinDesk Research’s technical analysis model.
The model showed that APT spiked to $1.64 on heavy volume before falling again. This created strong resistance at that level.
Volume reached 258% above the 24-hour moving average during the rejection. Selling pressure intensified below the $1.56 support zone, according to the model.
High trading activity reached 23% above the 30-day average, the model showed. This indicated genuine institutional interest rather than low-volume technical moves.
The APT drop came as the broader crypto markets also fell. The broader market gauge, the CoinDesk 20 index, was 2.1% lower at press time.
Technical analysis:
- Strong resistance established at $1.64 level following rejection of volume spike
- The increase in volume to 6.88 million confirmed 258% selling pressure above the 24-hour SMA.
- Sustained volume above 6 million during breakout phases validated bearish structure
- The lower highs and lower lows established the bearish structure.
- Immediate resistance at $1.53 must be reclaimed to recover
- A break below $1.515 support points to lower levels, while $1.64 remains a key bullish barrier
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.
