APT Gains Momentum Amid Elevated Trading Volume, Signaling Institutional Activity
APT outperformed the broader crypto market, supported by a 40% surge in trading volume above its 30-day average. Over the same period, the CoinDesk 20 Index (CD20) rose 1.5%.
CoinDesk Research’s technical model suggests that this combination of steady price action and heightened volume often points to institutional accumulation ahead of larger market moves. Despite muted price swings, underlying dynamics indicate strategic buying that traders monitor for potential breakouts.
The token established higher lows within a $0.14 range, while its 7.6% intraday movement reflects normal volatility for a layer-1 asset. The significant volume spike implies that “smart money” was building positions without pushing prices aggressively higher.
Technical Snapshot:
- Immediate support sits at $1.88, with resistance around $1.91; broader targets point to $1.92.
- Morning-session volume surge indicates institutional accumulation patterns.
- Three consecutive higher lows confirm an uptrend, with momentum strengthening above the $1.90 pivot.
- Resistance at $1.92 aligns with hourly trend projections, while $1.90 acts as a base for further gains.
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