- •Aptos breaks a falling wedge with record green volume, signaling strong buying momentum.
- •Historical breakouts of similar structure led to 93% and 215% rallies.
- •$APT now trades above $5.30, with bullish sentiment building despite upcoming token unlock.
Aptos ($APT) just posted its strongest weekly breakout candle in nearly two years, backed by the highest green volume since January 2023. While the price dipped slightly today, it’s still up over 22% this week—momentum is clearly building.
APT Breaks Out With High Volume
Aptos ($APT) breakout candle on the weekly chart, mirrors patterns seen in October 2023 and September 2024. According to @CryptoBullet1, the latest candle is different in one key aspect — volume. Last week recorded the largest green volume bar since January 2023, signaling powerful buying interest behind the breakout.
Historically, such breakouts in APT have preceded major price surges. In early 2023, a similar setup led to a 215% rally, while a late 2023 breakout delivered a 93% gain. With $APT now trading above the broken wedge trendline near $5.40, traders are watching closely for another potential mid-term rally.
This breakout isn't happening in isolation. Aptos recently hit a record $5.6 billion in weekly trading volume, up 42% from the previous week. The spike, reported by on-chain trackers, comes alongside a rise in price from $3.90 to over $5.50, and increasing open interest in perpetual markets.
ETF Filing & Institutional Interest Fuel the Fire
Bitwise just made headlines by filing the first-ever spot ETF for an altcoin—Aptos—marking its move beyond Bitcoin and Ethereum. This bullish news comes as Aptos also sees the launch of USD1, a stablecoin built on its network, which could spark increased on-chain activity and liquidity.
But there’s a twist—Aptos is also gearing up for a token unlock worth nearly $60 million, set to release 11.31 million APT into circulation. While this could stir short‑term price swings, investors are watching closely to see how the market digests the added supply.
Market Structure & Trading Levels to Watch
Despite the slight dip to $5.21 in the last 24 hours, Aptos remains up over 22% in the past 7 days. APT‑PERP futures on Binance show stacked resistance between $5.318 and $5.326, while strong buy walls form around $5.15. A recent 50,000 APT buy at $5.283 shows accumulation by large players.
Chaikin Money Flow (CMF) is showing strong capital inflows. If momentum holds, short‑term price targets lie between $6.00 and $7.00, with a possible stretch to $10 in the coming weeks.