Aptos has broken through the resistance level of 14 USD, indicating a strong upward trend with a target of 20 USD in sight.
APT shows strong interest from buyers as MACD and RSI confirm the development.
Aptos [APT] continues its steady ascent, recently surpassing the 14 USD mark. Analyst Michaël van de Poppe stated that the strong upward trend is likely to continue, with the potential to reach 20 USD if key support levels are maintained.
Aptos has recently surpassed the range of 11.30–11.50 USD, a former resistance area now turned into a support zone. This shift signals continued bullish momentum.
Analysts suggest that if this support zone is successfully retested, the bullish trend will be further reinforced.
Source: X
Market activity reflects that buying interest remains strong, with robust trading volume accompanying the breakout. This indicates market participants' confidence and aligns with the current upward trend.
See more: DApps on Solana rake in record fees amid the memecoin frenzy
Key resistance levels
At the time of writing, Aptos is trading at 14.24 USD, having increased by 0.99% in the past 24 hours and 12.85% over the past week.
Analysts have identified two key resistance levels to watch: first near the 13.80–14.00 USD range, corresponding to the previous peak, and second around the 17.00 USD level, a historical resistance zone.
Surpassing these levels could pave the way for a move towards 20 USD. However, investors are monitoring for potential profit-taking, as inflow data indicates an increase in APT deposits on trading platforms.
Technical indicators reflect strong momentum.
Technical indicators suggest that APT's bullish momentum may have room to grow. The Relative Strength Index (RSI) stands at 64.44, signaling that the upward trend remains in a safe position without exceeding the overbought zone. This presents an opportunity for the asset to continue advancing without the immediate risk of reversal.
The Moving Average Convergence Divergence (MACD) indicator also confirms positive momentum, with the MACD line above the signal line and histogram bars in the green state. This reflects increasing buying pressure in the market.
Source: TradingView
Additionally, the price is testing the upper Bollinger band, indicating strong bullish momentum. The middle band, located near 13 USD, is considered a key support level if a short-term correction occurs.
Market activity and Blockchain data indicate increasing interest
On-chain data from Coinglass shows a mixed picture for APT. While trading volume decreased by 28.50% to 746.39 million USD, Open Interest remained stable with a slight increase of 0.08%, indicating ongoing market participation.
A net capital inflow of 1.49 million USD into exchanges indicates potential selling pressure, as investors may transfer Tokens to exchanges to secure profits.
Source: Coinglass
Despite these fluctuations, the overall sentiment remains optimistic as the asset shows a distinct bullish structure.
Analysts continue to monitor key retests and resistance levels as APT approaches its next targets.
Follow me @TinTucBitcoin #tintucbitcoin #Write2Win #btc #binance #bitcoin
