Aptos (APT) climbed 7.8% to $1.91 over the past 24 hours, outpacing the broader crypto market as institutional flows drove the token through key technical resistance. The rally comes ahead of a $19.8 million APT token unlock on Dec. 12.
APT moved from $1.78 to $1.91, establishing strong support at $1.74, according to CoinDesk Research’s technical model. By comparison, the CoinDesk 20 Index rose 5% at the same time.
Trading volume confirmed the breakout, surging 30% above the 30-day average and reaching 4.83 million tokens — 142% above the 24-hour average — as APT broke through $1.80 resistance. The model noted that each upward move continues to attract increasing institutional participation.
Technical Overview:
- Support at $1.74, resistance at $1.90
- Ascending channel with higher lows at $1.81, $1.846, and $1.858
- 24-hour activity 30% above monthly baseline, signaling institutional demand
- Next upside target: $1.90; stop-loss below $1.74
Traders will monitor the upcoming token unlock, which represents approximately 1.5% of Aptos’ market capitalization
