published rose in the last 24 hours, advancing 1.3% to $1.73.
The token maintained a close correlation with the broader crypto markets throughout the period, according to CoinDesk Research’s technical analysis model.
The model showed that volume patterns revealed underlying institutional accumulation.
According to the model, the price action accelerated during the end of the period as APT pierced the previous resistance near $1.72 due to sustained buying pressure.
Multiple volume spikes exceeded 40,000 tokens, confirming institutional involvement in the breakout movement, according to the model.
The market’s broadest indicator, the CoinDesk 20 index, was up 0.5% at press time.
Technical analysis:
- Primary support set at $1.67
- Immediate resistance group targets $1.735-$1.74 zone
- A break above $1.72 validates bullish momentum structure
- 24-hour average reached 2.76 million tokens
- 11.8% volume expansion above 7-day moving average confirms accumulation pattern
- Price Action Validates Institutional Accumulation Thesis Through Volume-Price Correlation
- Bullish targets focus on resistance group between $1.735 and $1.74
- Downside protection anchored at $1.67 support 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.
