APT Gains 1.8% to $1.76 Despite Token Unlock Overhang

APT increased by 1.8% to $1.76 over the last 24 hours, even while facing downward pressure from an impending token unlock scheduled to increase supply by $19.8 million. Trading volume surged by 46% above 30-day averages, suggesting that institutional players are actively repositioning ahead of the supply increase, driving the intraday price discovery. Technically, APT showed a volatile recovery pattern, establishing higher lows, with primary support holding at the $1.67-$1.68 zone and resistance confirmed at $1.72. The elevated turnover confirms active institutional engagement despite the fundamental headwind of the upcoming token release.

(Source：CoinDesk)