APT Gains 1.8% to $1.76 Despite Token Unlock Overhang

تكنلوجيا اليوم
2025-12-08 12:53:00
carved out gains during the last 24 hours, climbing 1.8% to $1.76 despite facing headwinds from an approaching token unlock.
The altcoin lagged the broader crypto market, signaling selective rotation as traders weighed near-term supply pressures against technical momentum, according to CoinDesk Research’s technical analysis model.
The broader market gauge, the CoinDesk 20 index, was 2.8% higher at publication time.
Volume patterns told the real story, the model showed.
Trading activity jumped 46% above 30-day averages, creating a backdrop of active price discovery rather than thin, directional drift, according to the model.
The elevated turnover suggests institutional players are repositioning ahead of the scheduled supply increase, with sophisticated money driving the $0.11 intraday range, the model said.
APT opened at $1.73 before declining and recovering to $1.77, establishing a volatile recovery pattern that showcased competing forces.
The 6.2% intraday volatility reflects genuine two-way interest rather than illiquid price gaps, the model showed, with the elevated volume confirming active institutional engagement despite fundamental headwinds.
Technical Analysis
- Primary support holds at $1.67-$1.68 zone following multiple successful tests
- Resistance confirmed at $1.72 after sharp rejection triggered 170% volume spike
- Higher lows pattern emerges from overnight session through current $1.76 level
- Peak volume hit 9.1 million tokens on Dec. 7 at 14:00, running 170% above 24-hour average
- Sustained above-average turnover indicates continued positioning ahead of unlock
- Immediate resistance targets $1.77-$1.775 based on recent hourly highs
- Support structure intact above $1.67 following multiple successful tests
Disclaimer: Parts of this article were generated with the assistance from AI tools and reviewed by our editorial team to ensure accuracy and adherence to our standards. For more information, see CoinDesk’s full AI Policy.



