Key points
- Aptos rose nearly 4% in the past 24 hours, making it the second-best performer among the top 50 cryptocurrencies by market cap, behind Pump.fun
- APT could quickly push toward resistance at $4.70
APT closes at $4.5
The cryptocurrency market has been volatile since the start of the week, with altcoin prices swinging in both directions. Bitcoin trades above $114,000 while many altcoins have lagged behind.
However, APT, the native token of the Aptos blockchain, gained about 4% over the last 24 hours, making it the second-best performing crypto among the top 50 by market capitalization at the time of writing. APT is trading around $4.44 and could climb further in the near term.
This rally follows an earlier announcement that World Liberty Finance’s USD1 will be launching on Aptos. USD1 will receive initial ecosystem support on Monday, October 6, which includes several Aptos DeFi protocols such as Thala, Panora, Echelon and Tapp Exchange.
APT targets $4.7 resistance
The APT/USD four-hour chart has shown a previous downtrend, but Aptos has gained value by roughly 4% over the past day. Momentum indicators have shifted bullish, suggesting buyers are reasserting control.
The Relative Strength Index (RSI) sits at 69, above the neutral 50 level, indicating a bullish bias. The Moving Average Convergence Divergence (MACD) also remains in positive territory, signaling a buy for the token.
If the short-term uptrend continues, APT could surge toward the next major resistance near $4.75 within hours or days. A sustained breakout would put the token back on track for a move toward the previous high of $5.14, a level last reached on August 14.
Conversely, if Aptos undergoes a correction, it could retest Sunday’s intraday low around $4.05. Support at $3.88 may present a stronger barrier for bears to overcome in the near term.