Aptos’ APT Gains 4.5% After High Volume Bullish Breakout

Aptos’ APT (APT) climbed as much as 4.5% in the last 24-hours.

The token exploded higher at 01:00 UTC on massive volume of 1.64 million units, 29% above the daily average, according to CoinDesk Research’s technical analysis model.

The model showed price spikes from $4.97 to $5.06 in single hour, establishing $4.96 as new support floor.

The rally extended through 04:00 UTC, hitting a $5.20 session peak, the model showed.

The rally in Aptos came as the wider crypto market also rose, with the broader market gauge, the CoinDesk 20, recently up 3.6%.

In recent trading, APT was 3.2% higher over 24 hours, trading around $5.135.

Technical Analysis:

• Price explodes from $4.97 to $5.06 on massive 1.64 million unit volume, exceeding 24-hour average by 29%
• High-volume support established at $4.96 level with multiple successful retests confirming floor
• Session peak at $5.20 forms key resistance where price reverses on elevated volume
• Trading range spans $0.29 between $4.91 minimum and $5.20 maximum, representing 6% volatility
• Critical support zone forms at $5.09 following massive 258,259 unit volume spike
• Final consolidation around $5.13 suggests base formation after earlier volatility.

Source