Aptos Surges 4.5% to $1.63, Outpacing Broader Crypto Market
Meanwhile, Aptos’ APT token has gained 4.5% to $1.63, outperforming the broader crypto market.
However, trading volume has dropped 29% below the monthly average, signaling reduced conviction in the market.
According to CoinDesk Research’s technical analysis model, APT outperformed wider crypto markets, with the broader market gauge, the CoinDesk 20 index, being 2.4% higher at publication time.
What to Know:
What to know: Aptos’ APT climbed 4.5% on Monday, while trading activity remained muted, with 24-hour volume falling 29% below its 30-day average.
Moreover, the token established an ascending channel pattern before testing resistance near $1.649 and settling at current levels, the model said.
Consequently, the token’s price action suggested consolidation rather than decisive directional movement, according to the model.
Technical Analysis:
Primary support holds at $1.59 following successful breakout test, while immediate resistance zone spans $1.65-$1.655.
Session range of $0.09 represents 5.6% of total price movement, and 24-hour volume declined 29% below 30-day average indicating reduced conviction.
Ascending channel formation maintains higher lows pattern, and immediate upside target sits at $1.655 resistance confluence.
Downside support maintained at $1.59 breakout level, according to the model.
Disclaimer:
Parts of this article were generated with the assistance from AI tools and reviewed by our editorial team to ensure accuracy and adherence to our standards.
For more information, see CoinDesk’s full AI Policy.
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