Aptos (APT) is gaining bullish momentum after breaking out of a consolidation phase and holding critical support. The price action, combined with strong volume and favorable technical indicators, suggests the potential for continued upside in the short term.
APT Breaks Out Above Key Resistance Zone
The APT token climbed more than 4.3%, moving from $4.65 to $4.85, backed by significant trading volume. The asset broke out of a consolidation zone between $4.65 and $4.73, with the breakout occurring around 09:00, when volume nearly doubled the 24-hour average.
This breakout confirms buyer interest and indicates the possibility of a sustained rally.
Strong Support Levels Confirmed at $4.73 and $4.84
Price action has now established strong support at $4.73, with a subsequent rally forming an ascending price channel. Notably:
- A key resistance at $4.85 was challenged and broken during the 20:01 candle
- A strong volume spike (10,126 units) confirmed the breakout
- Price surged from $4.84 to $4.85 with additional volume confirmation (9,094 units)
Support at $4.84 held through multiple retests, reinforcing it as a critical price floor for bulls.
Momentum Building with Technical Indicators Favoring Bulls
APT’s price movement has been accompanied by a clear pattern of higher lows, a sign of sustained buying pressure. Technical signals show:
- Volume surges during key breakout points
- Ascending channel pattern, indicating ongoing uptrend
- Strong buyer conviction, especially during afternoon trading sessions
These bullish signals suggest that APT may be preparing for another leg higher.
What’s Next for APT?
As of now, APT is trading around $4.86, up 2.6% in the last 24 hours. If $4.84 continues to hold, and broader market sentiment remains favorable, APT could test next resistance levels near $4.92 and $5.00.
The asset’s performance is also in line with the broader crypto market, which saw a 1.75% gain at the time of analysis.
Conclusion: Bullish Momentum Intact
APT’s breakout above key resistance, supported by strong volume and stable technical patterns, signals a potential continuation of the uptrend. Traders will be watching closely to see if bulls can maintain momentum and push toward the psychological $5 mark in the coming sessions.
