Aptos’ native token APT jumped as much as 9% in the past 24 hours, riding the wave of a broader rally across the digital asset market. As of the latest session, APT is trading near $4.99, up 8.5% intraday and showing signs of continued momentum.
The move follows a breakout from strong support at $4.57, which was confirmed by high-volume activity. Technical indicators now show resistance at $5.03, and a clear break above this level could open the path toward the next target at $5.20.
Technical Breakdown: Key Levels in Play
Support Zone
- The $4.57 level acted as a reliable base, with significant volume backing the rebound.
- Two major volume spikes were recorded at 2.2 million and 3.7 million units, signaling aggressive buying interest.
Resistance Levels
- The $5.03 resistance level has proven firm, halting recent upside despite elevated volume.
- However, a measured move projection from the $4.57 low points to a potential target of $5.20, provided bulls can clear current resistance.
Recent Market Structure
- A higher low formed at $4.89, suggesting structural strength and ongoing bullish sentiment.
- Final-hour volume exceeded 64,000 units, adding confidence to the current consolidation phase near $5.00.
Institutional Update: Aptos Labs Strengthens Team
In addition to price momentum, Aptos Labs announced the appointment of Solomon Tesfaye as Chief Business Officer, focusing on institutional partnerships. This move is seen as part of a broader strategic push to expand enterprise and DeFi adoption across the Aptos Layer-1 blockchain.
Market Context: Crypto Momentum Builds
APT’s breakout aligns with the overall strength in crypto markets. The broader digital asset index rose 7%, while Bitcoin (BTC) reached a new all-time high of $118,739. These market-wide gains are enhancing altcoin performance, and APT appears to be among the prime beneficiaries.
Watch $5.03 for Confirmation
Traders should keep an eye on the $5.03 resistance, as a confirmed breakout above this zone could validate the next leg toward $5.20. If rejected again, a retest of the $4.89–$4.92 support band is possible before a renewed push.
APT remains in a bullish structure, backed by strong volume, solid fundamentals, and growing institutional focus.
Disclaimer
This content is for informational purposes only and does not constitute financial, investment, or legal advice. Cryptocurrency trading involves risk and may result in financial loss.