Aptos (APT) showed renewed strength as a surge in trading volume pointed to institutional accumulation, CoinDesk Research’s technical model found.
Price and market context
- APT traded around $1.73 at publication, up about 1.3% over the past 24 hours from roughly $1.7090. Throughout the period the token moved in step with broader crypto markets, according to CoinDesk’s model.
- The CoinDesk 20 index was 0.5% higher at the time of publication.
What the data shows
- CoinDesk’s technical analysis flagged a clear pickup in volume that the model interprets as underlying institutional buying. Several volume spikes — each above 40,000 APT — accompanied the move, reinforcing the view of larger participants driving the breakout.
- Price momentum accelerated late in the session as APT pierced short-term resistance near $1.72 on sustained buying pressure, supporting the case for continued accumulation.
Why it matters
- Large, repeated volume spikes alongside a breach of resistance can signal that smart money is positioning for further upside or at least defending gains, which may influence short-term price dynamics for APT and other risk assets.
Disclaimer: Parts of this article were generated with the assistance of AI tools and reviewed by our editorial team for accuracy and compliance with CoinDesk’s standards. For details, see CoinDesk’s full AI Policy.
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