APT Targets $4 After Massive $82M Inflows Boost Momentum
Aptos (APT) surged nearly 11% in the last 24 hours, driven by $82 million in market inflows, strong bullish momentum, and increased derivative activity. The rally suggests a potential rebound toward the $4 price level, with $5 as a key resistance zone. Derivative traders showed strong confidence as liquidations affected short positions while long positions remained stable, signaling optimism. Technical indicators, including Bollinger Bands and the Accumulation/Distribution (AD) pattern, align with the bullish narrative, supported by growing trading volume of 183.74 million APT and visible accumulation. If buying pressure continues, APT could break above the $4 mark and potentially set new highs.
APT Gains 11% Amid Strong Bullish Momentum
Aptos ($APT) surged nearly 11% in the past 24 hours, capturing traders' attention. The recent price increase is driven by $82 million in capital inflows, which boosted bullish momentum. Investors are now eyeing a potential rebound toward the $4 price mark, signaling growing confidence among long traders. Meanwhile, short positions faced significant liquidations due to the sustained upward trend, reflecting strong market optimism.
Technical Indicators Point to Rebound Potential
Technical indicators suggest a potential rebound toward the $4 level. The price was seen trading near the lower Bollinger Band, marked in green, which is often a signal for upward momentum. Combined with strong accumulation, these indicators highlight a sustained upward rally in the short term. Traders remain optimistic about pushing through the key $5 resistance zone, which could unlock further bullish movement.
Derivatives Market Highlights Growing Liquidity
The derivatives market exhibits strong bullish activity, as reflected in Open Interest reaching $275 million, according to CoinGlass. This large figure denotes active positions but doesn't confirm the trend direction alone. Recent data shows short positions saw liquidations totaling $445,950, while long traders maintained their confidence. The derivatives structure suggests repeated accumulation and strengthened market momentum, encouraging traders to continue holding long positions.
Volume and Accumulation Fuel the Uptrend
Trading volume remains strong, with cumulative transactions reaching 183.74 million APT. This growing volume indicates increased market participation and highlights sustained investor interest. The Accumulation/Distribution (AD) indicator trends upward, showcasing dominant buying activity. If the upward AD trend continues, it could lead to a breakout above the resistance zone, potentially pushing prices beyond $4 and setting a new local high.
Market Outlook: Strong Setup for APT
The APT market demonstrates a robust setup, driven by bullish derivatives, strong trading volume, and accumulation patterns. While caution is still advised around resistance levels, current market dynamics favor a sustained rally. Capital inflows, upbeat technical indicators, and aggressive accumulation make the $4 target achievable, provided buying pressure continues and short positions remain under pressure.