Aptos (APT) price has recorded a significant 7.8% increase over the last 24 hours, reaching $1.91 and standing out against the broader market. According to data provided by Will Canny, analyst at CD Analytics, this bullish move was driven by institutional flows that allowed the asset to decisively break through the $1.80 technical resistance, establishing a clear positive trend while traders closely watch key support levels amidst an active trading environment.
The rally advanced from a low of $1.78 to consolidate at $1.91, validating upward momentum with firm support at the $1.74 level. The analysis model used highlights that trading activity was not merely speculative but backed by considerable volume. Specifically, volume spiked to 4.83 million tokens, representing a 142% increase above the 24-hour average, confirming that the price breakout attracted genuine and substantive participation from large market players.
On the other hand, the validation of this move becomes evident when comparing recent activity with historical averages. Trading volume stood 30% above the 30-day average, suggesting real institutional interest rather than volatility driven merely by retail trading. Each successive move higher attracts increasing participation, reinforcing the bullish structure of the ascending channel that has formed, with higher lows consecutively recorded at $1.81, $1.846, and $1.858.
Can the market absorb the impact of the upcoming massive token unlock?
However, the short-term horizon presents challenges that investors must consider. The project faces a token unlock event scheduled for December 12, which will release approximately $19.8 million worth of APT into the market. This figure is equivalent to 1.5% of the token’s market cap, a factor that could introduce temporary selling pressure or additional volatility if current demand fails to absorb the new incoming supply efficiently.
Likewise, technical analysis projects an immediate upside target at the psychological level of $1.90, which aligns with the asset’s broader bullish trajectory. The formation of a clean ascending channel provides confidence to technical traders, provided the price holds above established support levels. The current structure suggests a continuation of the trend, as long as volume remains robust and no invalidations occur below the critical support of $1.74.
To conclude, Aptos’ behavior in the coming sessions will be decisive in confirming the sustainability of this breakout. With a suggested stop-loss below the $1.74 support, the strategy focuses on risk management ahead of the impending unlock. The market will remain attentive to price reaction against incoming liquidity, which will define whether this rally is the start of a prolonged recovery phase or an isolated short-term move.
