Aptos' APT Gains 6% With High-Volume Buying Amidst Wider Crypto Market Bounce
The token has potentially found strong support between the $3.87-$3.89 zone with high-volume buying validation.
Aptos' APT token started to bounce back with the wider crypto market, establishing a strong uptrend from $3.84 to $4.08, representing an 8.85% range, according to CoinDesk Research's technical analysis model.
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The model showed that a clear support zone for APT formed around $3.87-$3.89, validated by high-volume buying.
In recent trading, APT was 6.6% higher over 24 hours at around $4.096. The broader market gauge, the CoinDesk 20, was up 5.3% at publication time.
Technical Analysis:
- Potentially strong support established at the $3.87-$3.89 zone with high-volume buying validation.
- Possible ascending channel formation with progressively higher lows at $4.012, $4.025, and $4.035.
- The resistance level was identified at $4.08-$4.10, and multiple tests suggested continued bullish pressure.
- Consolidation between $4.070-$4.090 indicates potential accumulation before next resistance test.
