Key Takeaways
- Aptos has risen nearly 4% in the past 24 hours, making it the second-best performer among the top 50 coins behind Pump.fun.
- APT may soon push toward resistance around $4.70.
APT closes near $4.50
The cryptocurrency market has shown volatility since the start of the week, with altcoin prices swinging both ways. Bitcoin trades above $114,000 while many altcoins lag behind relative performance benchmarks.
Aptos’ native token, APT, has climbed about 4% over the past 24 hours, ranking it as the second-strongest performer by market cap among the top 50 cryptocurrencies. At the time of writing, APT is trading around $4.44 and appears poised for potential further gains.
This rally follows an announcement earlier today that World Liberty Finance’s USD1 will deploy on Aptos. USD1 is scheduled to receive ecosystem support across Aptos on Monday, October 6, including backing from Aptos DeFi projects such as Thala, Panora, Echelon and Tapp Exchange.
APT targets resistance at $4.70
On the 4-hour chart, the APT/USD market has shown a downtrend in recent sessions, despite the 4% uptick in the last day. Momentum indicators, however, have shifted bullish, suggesting buyers are reasserting control.
The Relative Strength Index (RSI) sits near 69, comfortably above the neutral 50 level and indicating bullish momentum. The MACD (Moving Average Convergence Divergence) lines have also moved into positive territory, producing a buy signal for the token.
If the short-term uptrend continues, APT could push toward the next significant resistance level at approximately $4.75 within hours or days. A sustained rally would position the token to approach its recent high near $5.14 for the first time since August 14.
Conversely, if Aptos undergoes a correction, it could retest Sunday’s low near $4.05. The support zone around $3.88 could prove difficult for bears to breach in the near term, offering a defensive floor for buyers.