Aptos Surges 15% – One Critical Move Away From $5.50 Breakout
Aptos (APT) just rocketed 15% in 24 hours—now traders are eyeing the $5.50 threshold like hawks. Here’s the make-or-break factor.
The Catalyst Behind the Pump
No fluke—this rally’s got teeth. Whether it’s a whale accumulation or a protocol upgrade flying under the radar, APT’s got momentum. But here’s the kicker: it all hinges on whether buyers can smash through that stubborn resistance level.
The $5.50 Gambit
Clear the $5.50 hurdle, and APT could trigger a FOMO stampede. Fail? Prepare for the usual crypto theater—profit-taking, leveraged longs getting liquidated, and Twitter analysts backpedaling. Classic.
The Bottom Line
Markets move fast. Either Aptos rides this wave to the next liquidity zone, or it becomes another ‘almost’ story in the crypto graveyard. Place your bets—just don’t blame the blockchain when your leverage gets wrecked.
Smart money moves fast…
Derivatives traders didn’t sit idle. Aptos’ Perpetual Volume surged to $42.46 million, according to DeFiLlama, as speculators raced to ride the rally.
Source: DefiLlama
This suggests that as the market started to rise, many speculative traders entered the market, reflecting rising risk appetite.
Of course, a spike in Perpetual Volume is rarely isolated.
Open Interest (OI) also shot up 31% to $205 million, per CoinGlass data.
When both Perpetual Volume and OI rise in tandem, it typically signals fresh capital flowing into the market—traders are bracing for higher volatility ahead.
Where there’s conviction, there’s accumulation
Source: CoinGlass
Due to rising demand, investors are purchasing more than selling. This is reflected in a negative Spot Netflow at -$1.74 million.
How much exactly? According to Coinalyze, over 16.5 million APT tokens were scooped up during the surge.
Source: Coinalyze
Usually, a surge in demand results in a higher buying pressure, which precedes higher prices.
Aptos bulls regain the upper hand
According to AMBCrypto analysis, Aptos experienced strong upward momentum as buyers made a comeback.
When we look at momentum indicators, APT is seeing strong upward movement, as it has recently closed with higher highs. As such, +DI of DMI surged to 29 while the negative index has dropped to 14.
Source: TradingView
Amidst this upswing in positive momentum, the altcoin’s RSI also climbed to 56, edging into the bullish territory and showing no immediate signs of exhaustion.
If momentum continues to build, APT could reclaim the $5.25 level and push toward $5.50. That said, buyers still need to defend $5.00 convincingly to keep this trend intact.
Having said that, a failure to reclaim and close above $5.00 may flip sentiment quickly. If rejected, APT could slide back to $4.53.
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