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Aptos (APT) Rises 8% After Breaking Through $1.80 Resistance

CoinDesk
Aptos (APT) gained nearly 8% to $1.91, driven by strong institutional volume breaking the $1.80 resistance level.

Summary

Aptos (APT) experienced a significant rally, gaining 7.8% to trade at $1.91 over the last 24 hours, substantially outperforming the broader cryptocurrency market, as indicated by the CoinDesk 20 index's 0.5% rise. This upward momentum, which saw the price move from $1.78 to $1.91, was validated by strong trading volume that was 30% above the 30-day average, suggesting genuine institutional interest. Specifically, volume spiked 142% above the 24-hour average when the price broke the key $1.80 resistance. Technical analysis shows firm support holding at $1.74, with the next upside target aligning with the $1.90 psychological level. Looking ahead, Aptos faces a token unlock on December 12th, equivalent to 1.5% of its market capitalization.

(Source:CoinDesk)