APT Gains 1.8% to $1.76 Amid Institutional Positioning Ahead of Token Unlock
APT climbed 1.8% over the past 24 hours to $1.76, navigating headwinds from an impending token unlock. The altcoin lagged the broader cryptocurrency market, signaling selective rotation as traders weighed near-term supply pressures against technical momentum, according to CoinDesk Research’s technical model. The CoinDesk 20 (CD20) index, by comparison, was up 2.8%.
Trading activity highlighted institutional involvement. Volume surged 46% above the 30-day average, suggesting active price discovery rather than low-conviction movement. The elevated turnover indicates institutional players are repositioning ahead of the scheduled $19.8 million supply increase, driving a $0.11 intraday range.
APT opened at $1.73, dipped slightly, and recovered to $1.77, forming a volatile recovery pattern that reflected competing market forces. Intraday volatility of 6.2% indicates genuine two-way market interest, supported by elevated trading volumes despite fundamental headwinds.
Technical Highlights:
- Support: $1.67–$1.68 zone, successfully tested multiple times
- Resistance: $1.72 confirmed after rejection on a 170% volume spike
- Trend: Higher lows emerging from overnight through current $1.76 level
- Volume: Peak 9.1 million tokens traded on Dec. 7 at 14:00, 170% above the 24-hour average
- Sustained above-average turnover points to continued institutional positioning
- Immediate resistance target: $1.77–$1.775 based on recent hourly highs
Overall, APT’s price action reflects active institutional engagement and strategic positioning, maintaining an ascending trend of higher lows while balancing technical momentum against near-term supply pressures.
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