Aptos’s APT gained as much as 9% in the last 24 hours as crypto markets surged higher.
Strong support was established at $4.57 with high-volume confirmation during the bounce, according to CoinDesk Research’s technical analysis model.
Technical targets point to $5.20 from $4.57 base, the model showed, with resistance at the $5.03 level.
Aptos Labs named Solomon Tesfaye as Chief Business Officer for institutional partnerships, the company said in a tweet on X on Thursday.
The rally in Aptos came as the wider crypto market also rose, with the broader market gauge, the CoinDesk 20, recently up 7%.
Bitcoin (BTC), the world’s largest cryptocurrency, also hit a new high of $118, 739. In recent trading, APT was 8.5% higher over 24 hours, trading around $4.99.
Technical Analysis:
- Strong support established at $4.57 with high-volume confirmation during bounce
- Resistance level identified at $5.03 where price reversed despite elevated volume
- Volume spikes exceeded 2.2 million and 3.7 million during key acceleration periods
- Measured move projects potential targets near $5.20 from $4.57 low
- Higher low at $4.89 established during consolidation phase
- Final hour volume exceeded 64,000 confirming bullish sentiment
Disclaimer: Parts of this article were generated with the assistance from AI tools and reviewed by our editorial team to ensure accuracy and adherence to our standards. For more information, see CoinDesk’s full AI Policy.