“APT broke through key resistance levels on institutional buying activity.”, — write: www.coindesk.com
The token maintained a tight correlation with broader crypto markets throughout the period, according to CoinDesk Research’s technical analysis model.
The model showed that volume patterns revealed underlying institutional accumulation.
Price action accelerated during the end of the period as APT pierced previous resistance near $1.72 on sustained buying pressure, according to the model.
Multiple volume spikes exceeded 40,000 tokens confirming institutional participation in the breakout move, the model said.
The broader market gauge, the CoinDesk 20 index, was 0.5% higher at publication time.
Technical Analysis:
- Primary support established at $1.67
- Immediate resistance cluster targets $1.735-$1.74 zone
- Breakout above $1.72 validates upward momentum structure
- 24-hour average reached 2.76 million tokens
- Volume expansion of 11.8% above 7-day moving average confirms accumulation pattern
- Price action validates institutional accumulation thesis through volume-price correlation
- Upside targets focus on $1.735-$1.74 resistance cluster
- Downside protection anchored at $1.67 support level
Disclaimer: Parts of this article were generated with the assistance of 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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