It fell 5% in the past 24 hours to $1.50.
According to CoinDesk Research’s technical analysis model, the coin established lower highs and lower lows within the $0.1429 range.
The model shows APT surging to $1.64 on heavy volume before crashing back down. This creates strong resistance at this level.
During the rejection period, volume was 258% above the 24-hour moving average. The model shows intensifying selling pressure below the $1.56 support area.
The model shows that trading activity is 23% above the 30-day average. This demonstrates genuine institutional interest rather than a low-volume technology initiative.
APT’s decline came as the broader cryptocurrency market also fell, with the CoinDesk 20 Index, a broader market gauge, down 2.1% at the time of publication.
Technical analysis:
- Strong resistance at $1.64 level after rejection on volume surge
- Trading volume surged to 6.88 million, confirming selling pressure 258% above the 24-hour moving average
- Volume continues to exceed 6 million during crash phase, validating bearish structure
- Lower highs and lower lows establish a bearish structure
- Immediate resistance at $1.53 must be reclaimed for recovery
- A break below the $1.515 support aims for a move lower, while $1.64 remains a key upside hurdle
Disclaimer: Portions of this article were generated with the help of artificial intelligence tools and reviewed by our editorial team for accuracy and adherence to our standards. For more information, see CoinDesk’s full AI policy.