Aptos’ APT Gains Nearly 9%, Eyes Breakout as Crypto Markets Heat Up
Aptos’ native token, APT, surged as much as 9% over the past 24 hours, buoyed by the broader strength sweeping through crypto markets.
At last check, APT was changing hands around $4.99, up about 8.5% for the day. However, traders are keeping a close eye on the $5.03 resistance level, which has so far capped the rally. A decisive move above that point could open the door toward the next target near $5.20, based on CoinDesk Research’s technical models.
Strong support for APT has been confirmed at $4.57, where a significant rebound occurred alongside a surge in trading volume, signaling solid buying interest. Technical projections suggest the token could travel from its $4.57 base toward the $5.20 level if momentum holds.
In corporate news, Aptos Labs announced the appointment of Solomon Tesfaye as its new Chief Business Officer focused on institutional partnerships, according to a post on X (formerly Twitter) on Thursday.
APT’s rally coincided with gains across the crypto sector, as the CoinDesk 20 Index advanced roughly 7%. Meanwhile, Bitcoin (BTC) hit a fresh all-time high above $118,700, fueling further optimism in the market.
Technical Highlights
- Support firmly established at $4.57 with high-volume confirmation
- Resistance located at $5.03, which has stalled upward movement so far
- Volume spikes reached 2.2 million and 3.7 million during key bullish moves
- Measured move projects potential upside target around $5.20 from the $4.57 low
- A higher low was set at $4.89 during consolidation, suggesting continued upward bias
- Final hour trading exceeded 64,000 in volume, reflecting sustained bullish sentiment
APT’s strong performance and strategic leadership moves suggest growing confidence around the project, as traders watch for a possible breakout above critical resistance levels.
