APT fell 7% over the past 24 hours to $1.6852 as investors repositioned ahead of a scheduled token unlock. Broader crypto markets also retreated, with the CoinDesk 20 index down 4.2% at the time of publication, according to CoinDesk Research’s technical analysis model.

Trading volumes surged 38% above the 30-day average, reflecting significant institutional activity. APT retreated from an early peak of $1.90, where trading spiked to 6.81 million tokens — nearly triple the normal level. Selling pressure intensified as market participants positioned for the upcoming release of 11.3 million APT tokens, or roughly 1.5% of total supply, allocated to core contributors and early investors.

Technical weakness dominated price action following the $1.90 rejection. The token established a series of lower highs and lower lows but found preliminary support near $1.69 after multiple tests. Volume patterns indicate ongoing distribution by larger holders, suggesting cautious sentiment among institutions.

Technical Analysis Summary:

• Primary support: $1.69–$1.70, defended successfully on three occasions
• Major resistance: $1.91, marked by exceptional trading volume
• Volume: Daily activity 38% above the 30-day average, indicating institutional participation
• Peak trading: 6.81M tokens at $1.90, 180% above normal, confirming distribution
• Price structure: Descending pattern from $1.90 peak with lower highs, signaling near-term bearish bias
• Next resistance test: A move above $1.71 needed to challenge the $1.90 session high
• Downside risk: Breach of $1.69 could trigger further declines toward previous consolidation zones