Aptos Gains as Volume Surge Signals Accumulation
Aptos (APT) saw a 1.3% increase, reaching $1.73, supported by a 12% volume surge above weekly averages. The token pierced the $1.72 resistance level driven by sustained institutional buying flows. CoinDesk Research's technical analysis model indicates that these volume patterns signal underlying institutional accumulation, with price action accelerating after breaking above $1.72. Multiple volume spikes exceeded 40,000 tokens, further signaling institutional participation in the breakout.
The 24-hour average volume reached 2.76 million tokens, marking an 11.8% expansion above the 7-day moving average, confirming accumulation momentum. The technical setup shows primary support at $1.67, with immediate resistance targets between $1.735 and $1.74. A breakout above $1.72 validates the upward momentum. Additionally, the CoinDesk 20 index was up 0.5% at the time of publication.
