APT from Aptos climbs as much as 9% as cryptocurrency markets soar.

Aptos’ APT Rallies Up to 9%, Tests Resistance as Crypto Markets Surge

Aptos’ native token, APT, posted gains of as much as 9% in the past 24 hours, riding the wave of a broader crypto market rally.

Currently trading around $4.99, APT is up about 8.5% over the last day, though it faces a significant hurdle at the $5.03 resistance level. A clean breakout above this zone could pave the way for a move toward $5.20, according to technical insights from CoinDesk Research.

Support for APT has solidified at $4.57, with high-volume buying activity reinforcing the recent bounce from that level. CoinDesk’s technical analysis points to a measured move that projects a potential climb from $4.57 to $5.20.

Aptos Labs also made headlines on Thursday, announcing via X (formerly Twitter) that Solomon Tesfaye has been appointed Chief Business Officer to focus on institutional partnerships.

APT’s rally aligns with strength across the crypto sector. The CoinDesk 20 index, which tracks top digital assets, climbed roughly 7%, while Bitcoin (BTC) reached a new record high near $118,700.

Technical Overview

Key support established at $4.57, confirmed by strong trading volumes
Resistance identified at $5.03, where price faced rejection despite heavy buying
Major volume surges hit 2.2 million and 3.7 million during pivotal upward moves
Measured move suggests a potential target of $5.20 from the $4.57 base
Higher low formed at $4.89 during recent consolidation, signaling bullish undercurrents
Final hour trading saw volume surpass 64,000, indicating sustained market interest

APT’s recent momentum, coupled with developments on the corporate front, highlights growing investor confidence as the token eyes critical price levels in a bullish crypto landscape.