Aptos’ APT Jumps Nearly 9% as Crypto Markets Rally, Eyes Key Resistance Ahead
Aptos’ native token, APT, has surged as much as 9% in the past 24 hours, riding the momentum of a broader rally across the crypto market.
At the time of writing, APT was trading near $4.99, up roughly 8.5% on the day. However, the token faces resistance around $5.03—a level traders are watching closely. A decisive breakout above this point could pave the way for a move toward $5.20, according to CoinDesk Research’s technical analysis.
Strong support for APT has been confirmed at $4.57, where significant trading volume accompanied the recent rebound. Technical projections suggest a potential path for the token from this support base up to $5.20 if momentum persists.
Meanwhile, Aptos Labs announced on Thursday the appointment of Solomon Tesfaye as its new Chief Business Officer, responsible for leading institutional partnerships, via a post on X (formerly Twitter).
APT’s gains reflect a broader market upswing. The CoinDesk 20 Index, which tracks the largest cryptocurrencies, climbed around 7%, while Bitcoin (BTC) reached a fresh record above $118,700, helping boost sentiment across digital assets.
Technical Snapshot
- Firm support identified at $4.57, confirmed by strong trading volumes
- Resistance at $5.03 has halted upward moves for now
- Volume spikes hit 2.2 million and 3.7 million during major bullish pushes
- Measured move suggests an upside target near $5.20 from the $4.57 base
- A higher low at $4.89 was established during consolidation, indicating bullish undertones
- Final hour trading exceeded 64,000 in volume, signaling sustained interest from traders
With momentum building and new leadership stepping in, Aptos appears poised for further gains if it can clear key resistance levels in the sessions ahead.
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