APT Rises on Strong Volume, Suggesting Institutional Accumulation
APT outperformed the broader crypto market, buoyed by a 40% jump in trading volume above its 30-day average. During the same period, the CoinDesk 20 Index (CD20) gained 1.5%.
According to CoinDesk Research’s technical analysis, the combination of modest price movement and elevated volume often signals institutional positioning ahead of larger moves. While price action remained contained, underlying accumulation points to strategic buying that traders watch for potential breakouts.
The token formed higher lows within a $0.14 range, with a 7.6% intraday fluctuation reflecting normal volatility for a layer-1 asset. The surge in volume indicates smart money accumulating without aggressively pushing prices higher.
Technical Overview:
- Support: $1.88 | Resistance: $1.91–$1.92
- Morning-session volume spike suggests institutional accumulation
- Three consecutive higher lows confirm an uptrend above the $1.90 pivot
- $1.90 acts as a consolidation base for potential further gains
