Aptos ( $APT ) has been consolidating between $7.50 and $8.50, a crucial accumulation zone marked by strong buying interest. This “area to hold for continuation” could signal bullish momentum, with the Relative Strength Index (RSI) showing neutral-to-bullish conditions, leaving room for upward movement.
📈 Breaking $10 Could Unlock $15
If APT clears the $10 resistance, further advances toward $12.50 and $15 are possible. Analyst Michaël van de Poppe remarked, “Expect that it breaks $10, and then the next run is likely going to be big.”
📊 Technical Indicators Highlight Key Levels
Despite a recent Golden Cross (13 MA over 49 MA), APT’s price has dipped below both moving averages at $8.71 and $8.95, turning them into resistance. The Money Flow Index (MFI) at 36.36 suggests mild accumulation without significant buying pressure. Support at $8.50 is critical, with declines possible to $8.00 if breached. A move above $9.18 could reignite strength.
💼 Futures Market Shows Renewed Interest
APT’s Open Interest (OI) has risen to $224.99 million, reflecting an 8.89% increase in 24 hours. This indicates renewed trader participation and anticipation of volatility as APT nears $10. Historical OI trends peaked at $400 million in March and November 2024, underscoring potential for a breakout.
⚡ Low Liquidations Indicate Controlled Leverage
Liquidation data showed $33.22K in longs and $7.81K in shorts, with OKX accounting for $24.72K of long liquidations. Low liquidation levels and active trading suggest moderate leverage. APT’s consolidation phase could evolve into a strong rally if $10 resistance is broken.
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