APT Gains 1.8% to $1.76 Despite Token Unlock Overhang
APT increased by 1.8% to $1.76 amid concerns of a looming token unlock overhang. Trading volume surged 46% above 30-day averages, indicating active price discovery as institutional investors reposition ahead of the anticipated supply increase. The token opened at $1.73 and traded up to approximately $1.77, with intraday volatility reaching 6.2%. Peak volume was recorded at 9.1 million tokens on December 7 at 14:00, which was about 170% above the 24-hour average.
Technical analysis points to primary support between $1.67 and $1.68, resistance at $1.72, and immediate targets in the range of $1.77 to $1.775. The December 12 token unlock is expected to add around $19.3 million to $19.8 million worth of supply overhang. Meanwhile, the CoinDesk 20 Index rose 2.8% at the time of publication, with sustained turnover reflecting ongoing institutional activity ahead of the unlock.
