Aptos’ APT Jumps 4.5% as Trading Activity Heats Up
Aptos’ native token, APT, recorded a strong gain of 4.5% over the past day, boosted by a wave of buying interest and higher trading volumes that pushed prices to new short-term highs.
According to CoinDesk Research’s technical analysis, the surge began around 01:00 UTC, when trading volume spiked to 1.64 million tokens, about 29% higher than the typical daily average. That burst of activity sent APT’s price from $4.97 to $5.06 in a single hour, setting a new support level at roughly $4.96.
Momentum continued into the early hours, with APT reaching a session high of $5.20 by 04:00 UTC before encountering resistance and modest selling pressure.
APT’s gains echoed the broader strength across the crypto market, where the CoinDesk 20 index was recently up 3.6%.
As of the latest data, APT was trading near $5.135, holding a 3.2% increase on the day.
Technical Breakdown:
- APT surged from $4.97 to $5.06 on heavy volume, which was 29% above its 24-hour average, totaling 1.64 million tokens.
- The price established a new support zone at $4.96, confirmed through multiple successful retests.
- A session peak at $5.20 has emerged as resistance, where elevated volumes signaled profit-taking.
- APT traded within a $0.29 range, from a low of $4.91 to the high of $5.20, representing about 6% volatility.
- A key support area formed at $5.09 after a sharp volume spike of 258,259 tokens.
- The price consolidated around $5.13, suggesting the formation of a base following earlier volatility.
APT’s recent performance highlights strong interest from traders, with technical signals suggesting the token could see further moves if broader market momentum persists.
