coindesk.com
APT$2.2732 slipped 0.5% over the last 24 hours, underperforming the broader crypto market.
Prices swung within a volatile $0.15 range that represented a 6.4% intraday movement, according to CoinDesk Research's technical analysis model.
The model showed that the most significant price action occurred at 17:00 on Nov. 24th. Volume reached 2.62 million, 47% above the 24-hour average of 1.78 million.
Prices jumped from $2.28 to $2.36, the model showed. Still, the surge failed to sustain momentum above $2.39 resistance.
Aptos formed lower highs and consolidated between $2.36 and $2.23 as volume declined.
Trading activity remained 9.64% above the seven-day average, the model said.
The decline in APT came amid a rally in wider crypto markets. The broader market gauge, the CoinDesk 20, was 3.8% higher at publication time.
Technical Analysis:
- Primary support established at $2.23 during overnight consolidation
- Key resistance confirmed at $2.36-$2.39 following failed breakout attempt
- Exceptional volume spike to 2.62M (47% above SMA) occurred during breakout attempt
- Trading activity remained 9.64% above 7-day average despite consolidation
- Failed breakout pattern established after rejection at $2.39 resistance
- Upside resistance targets at $2.36 and $2.39 levels remain intact
- Break below $2.23 signals deeper correction, while sustained move above $2.39 confirms breakout
Disclaimer: Parts of this article were generated with the assistance from AI tools and reviewed by our editorial team to ensure accuracy and adherence to our standards. For more information, see CoinDesk's full AI Policy.