gained 7.8% to $1.91 in the last 24 hours, outperforming the broader cryptocurrency market as institutional flows pushed the price through key technical resistance.
The rally advanced from $1.78 to $1.91, establishing clear upward momentum with support holding firm at the $1.74 level, according to CoinDesk Research’s technical analysis model.
The broader market gauge, the CoinDesk 20 Index, was 5.% higher at press time.
Trading volume validated APT’s breakout move, according to the model. Activity was 30% above the 30-day average, indicating genuine institutional interest rather than retail-driven volatility.
The model showed that volume spiked to 4.83 million tokens, 142% above the 24-hour average, as the price broke through the $1.80 resistance.
Each successive move upward attracts increasing institutional participation, depending on the model.
Aptos faces a $19.8 million token unlock on December 12, equivalent to 1.5% of the token’s market capitalization.
Technical analysis:
- Strong support established at $1.74 with resistance at the psychological level of $1.90
- 24-hour activity exceeds monthly base by 30%, indicating substantial institutional involvement
- Clean ascending channel formation with higher lows at $1.81, $1.846 and $1.858
- The next bullish target at $1.90 aligns with a broader bullish trajectory; stop loss below $1.74 support
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.
