APT Rises 1.8% to $1.76 as Institutions Position Ahead of Token Unlock
APT gained 1.8% over the past 24 hours to $1.76, navigating pressure from an upcoming token unlock. The altcoin underperformed the broader cryptocurrency market, highlighting selective rotation as traders balanced near-term supply risks with technical momentum, according to CoinDesk Research’s technical model. The CoinDesk 20 (CD20) index was up 2.8% at publication time.
Volume data showed active market participation. Trading surged 46% above the 30-day average, indicating deliberate price discovery rather than low-conviction movement. Elevated turnover points to institutional players repositioning ahead of the scheduled $19.8 million supply increase, driving a $0.11 intraday trading range.
APT opened at $1.73, dipped briefly, and recovered to $1.77, forming a volatile recovery pattern that reflected competing market forces. Intraday volatility of 6.2% highlights two-way market interest, supported by high trading volume 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 from overnight through the 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 suggests continued institutional positioning
- Immediate resistance target: $1.77–$1.775 based on recent hourly highs
Overall, APT’s session reflects active institutional engagement and measured positioning, balancing technical momentum with supply-related pressures while maintaining an ascending pattern of higher lows.
