Key takeaways
- Aptos rose nearly 4% in the last 24 hours, making it the second-best performer among the top 50 cryptocurrencies on Pump.fun.
- APT could soon recover to the $4.70 resistance level.
APT Approaches $4.50
The crypto market has been volatile since the start of the week, with altcoin prices moving in both directions. Bitcoin trades above $114,000 while most altcoins have yet to show strong performance.
APT, the native token of the Aptos blockchain, climbed about 4% over the past 24 hours, ranking it as the second-best performer among the top 50 cryptocurrencies by market capitalization. At the time of writing, APT trades at $4.44 and could push higher in the near term.
The rally coincides with an Aptos announcement that World Liberty Finance’s USD1 is coming to the Aptos ecosystem. USD1 will receive first-day ecosystem support on Monday, October 6, across Aptos DeFi protocols, including Thala, Panora, Echelon and Tapp Exchange.
APT Targets $4.70 Resistance
The 4-hour APT/USD chart remains bearish overall despite the 4% gain in the last 24 hours. Momentum indicators, however, have flipped bullish, suggesting buyers are regaining control.
The relative strength index (RSI) sits at 69, above the neutral 50, indicating bullish bias. Moving average convergence divergence (MACD) lines are also in positive territory and flashing a buy signal for the token.
If the bullish momentum continues on lower timeframes, APT could recover toward the next major resistance at $4.75 in the coming hours or days. A sustained bullish run could see the token challenge the $5.14 high, a level not reached since August 14.
Conversely, a corrective move could send Aptos back to test Sunday’s low near $4.05. Support around $3.88 would present a more substantial barrier for bears in the near term.