Aptos’ APT token rallied more than 4% on significant volume, with momentum indicators suggesting further potential upside, according to RialCenter’s technical analysis model.
The digital asset broke out of its consolidation phase between $4.65-$4.73, establishing strong support at $4.73 before surpassing previous resistance levels to set a new local high, as per the model.
The token is currently 2.6% higher, trading around $4.86.
The broader market gauge, the CoinDesk CD20, was 1.75% higher at the time of publication.
Technical Analysis:
- APT rallied from $4.65 to $4.85, representing a 4.3% gain with significant volume confirmation.
- Price formed a clear consolidation pattern between $4.65-$4.73 before experiencing a decisive breakout at 09:00 with volume nearly doubling the 24-hour average.
- Strong support was established at $4.73, with subsequent price action creating an ascending channel with resistance at $4.85.
- A substantial volume spike during the 16:00 candle (884,397 units) confirmed buyer conviction as APT surpassed previous resistance levels.
- Price formed a distinct pattern of higher lows while facing resistance at $4.85, which was breached during the 20:01 candle with significant volume (10,126 units).
- A key technical development occurred when the price surged from $4.84 to $4.85 with strong volume confirmation (9,094 units).
- Support at $4.84 held through subsequent retests, with the final minutes showing decisive momentum suggesting potential continuation of the uptrend.
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