Aptos (APT) rose 1.3% to $1.73 over the past 24 hours, with trading volume running 12% above weekly averages. A technical analysis model from CoinDesk Research interpreted this pattern as a sign of underlying institutional accumulation.
The token broke through the $1.72 resistance level late in the session on sustained buying pressure. The model flagged multiple volume spikes exceeding 40,000 tokens, reinforcing the view of institutional participation in the breakout move. The broader market provided a supportive backdrop, with the CoinDesk 20 index up 0.5% at the time of publication.
From a technical perspective, primary support is established at $1.67, which the model treats as downside protection. The immediate upside target is a resistance cluster in the $1.735 to $1.74 zone. The 24-hour trading average reached 2.76 million tokens, with volume expansion of 11.8% above the 7-day moving average, both consistent with an accumulation pattern.
The model states that a breakout above $1.72 validates the upward momentum structure, but only if volume remains elevated and participation persists. If momentum cools, the $1.67 support level becomes crucial; a break below it would undermine the accumulation thesis. The near-term focus for traders is whether buying pressure can defend the new levels or fade back into a range.
