APT falls as token underperforms wider crypto markets
fell 2.4% to $1.69 on below-average volume, significantly underperforming the broader crypto market.
The broader market gauge, the CoinDesk 20 index (CD20), was 0.5% higher at publication time.
This relative weakness against major cryptocurrencies signals selective investor caution toward APT, according to CoinDesk Research’s technical analysis model.
The model showed that the token declined from $1.73 to $1.69 over the 24 hour period, establishing a volatile range-bound pattern with a total range of $0.09.
The most significant volume event occurred earlier this morning with exceptional volume of 12.2 million tokens, 214% above the 24 hour moving average, confirming strong resistance near $1.75, according to the model.
Price…
