Aptos (APT) rose 7.8% to $1.91 over the past 24 hours, outpacing the broader crypto market as institutional flows drove the token through key resistance levels. The surge comes ahead of a $19.8 million token unlock scheduled for Dec. 12.
APT’s price climbed from $1.78 to $1.91, establishing firm support at $1.74, according to CoinDesk Research’s technical model. The broader CoinDesk 20 Index increased 5% over the same period.
Trading volume confirmed the breakout, rising 30% above the 30-day average and reaching 4.83 million tokens — 142% above the 24-hour norm — suggesting growing institutional participation.
Technical Overview:
- Support at $1.74; resistance at $1.90
- Ascending channel with higher lows at $1.81, $1.846, and $1.858
- 24-hour activity 30% above monthly baseline
- Next target: $1.90; stop-loss below $1.74
The upcoming unlock represents roughly 1.5% of Aptos’ market capitalization, a key factor for traders to monitor.
