The Aptos’ Aptos token rallied more than 4% in significant volume, with momentum indicators suggesting more potential reversal, according to the technical review model of Coindesk Research.
The Digital Asset exploded at its integration stage between $ 4.65- $ 4.73, which established strong support at $ 4.73 before pushing previous levels of resistance to establish a new local high, according to the model.
The token is currently 2.6% higher, trading around $ 4.86.
The broader market gauge, the Coindesk CD20 is 1.75% higher at the time of publication.
Technical assessment:
- Apt rallied from $ 4.65 to $ 4.85, representing a 4.3% gain with significant quantity confirmation.
- The price generated a clear integration pattern between $ 4.65- $ 4.73 before experiencing a decisive breakout at 9am with a volume that almost doubled the 24-hour average.
- Strong support established at $ 4.73 with subsequent price action forming an ascending channel with a resistance to $ 4.85.
- Excellent spike volume during the 16:00 candle (884,397 units) confirmed consumer belief as APT pushed through previous levels of resistance.
- The price has formed a unique pattern of higher lows while encountering a resistance to $ 4.85, damaged during a 20:01 candle with significant volume (10,126 units).
- The main technical development occurred in when the price sank from $ 4.84 to $ 4.85 with a strong volume confirmation (9,094 units).
- Support the $ 4.84 held by subsequent retests, with the final minute showing the decisive momentum suggesting the potential continuation of the climb.
