Aptos (APT) jumped 7.8% to $1.91 over the past 24 hours, outperforming the broader cryptocurrency market as institutional flows propelled the token through key technical resistance. The rally comes ahead of a Dec. 12 unlock of $19.8 million in APT tokens.
The price advanced from $1.78 to $1.91, with support holding at $1.74, according to CoinDesk Research’s technical analysis. The CoinDesk 20 Index, by comparison, rose 5% at publication.
Trading volume confirmed the breakout, climbing 30% above the 30-day average and peaking at 4.83 million tokens — 142% above the 24-hour norm — as APT cleared the $1.80 resistance. CoinDesk’s model noted increasing institutional participation with each upward move.
Technical highlights:
- 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 involvement
- Next target: $1.90; stop-loss below $1.74
The upcoming token unlock represents roughly 1.5% of Aptos’ market cap, a factor traders will be watching closely.
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