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Aptos (APT) surged 7.8% to $1.91 over the past 24 hours, outpacing the broader cryptocurrency market as institutional flows pushed the price through key technical resistance. The rally, marked by strong volume and upward momentum, precedes a Dec. 12 unlock of $19.8 million worth of APT tokens.
APT climbed from $1.78 to $1.91, establishing firm support at $1.74, according to CoinDesk Research’s technical model. The broader market benchmark, the CoinDesk 20 Index, was up 5% at publication.
Trading volume validated the breakout, with activity rising 30% above the 30-day average and spiking to 4.83 million tokens — 142% above the 24-hour average — as APT cleared the $1.80 resistance level. The model noted that each successive price move is attracting growing institutional participation.
Technical analysis highlights:
- Strong support at $1.74; resistance at $1.90 psychological level
- 24-hour activity 30% above monthly baseline, signaling institutional involvement
- Clean ascending channel with higher lows at $1.81, $1.846, and $1.858
- Next upside target at $1.90, with stop-loss below $1.74 support
Aptos faces a $19.8 million token unlock on Dec. 12, equivalent to roughly 1.5% of its market cap.
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