Aptos gains a major liquidity boost as Upbit integrates native USDT support, reducing bridge reliance and attracting new users.
APT price consolidates between $4.20 and $5.80 amid heightened volatility and bearish indicators despite bullish ecosystem news.
MACD and moving averages signal short-term downside pressure even as trading volumes rise from new USDT trading options on Upbit.
South Korea’s top crypto exchange, Upbit, has officially enabled USDT deposits and withdrawals on the Aptos mainnet. This development is a milestone for Aptos, which now joins Ethereum and Tron as the only three networks supporting USDT transfers on the exchange. Consequently, this move is set to accelerate capital inflows and boost on-chain activity. Traders seeking fast settlement times and low fees may now prefer Aptos over congested alternatives. Moreover, the addition comes amid growing Korean interest in scalable and cost-effective blockchain infrastructure. Aptos’ direct stablecoin rails on Upbit can reduce reliance on bridges and improve trading efficiency across Asia.
Price Action Signals Mixed Sentiment for APT
Aptos (APT) currently trades at $4.50, showing a modest gain of 0.22% on the day. However, the broader trend reveals heightened volatility. APT saw a sharp rally in early May, reaching highs between $6.20 and $6.40. Bollinger Bands expanded during that phase, confirming aggressive bullish momentum. Price moved above the upper band before entering a correction.
Following the rally, APT declined steadily and tested the $4.60 support. Moreover, prices moved sideways for several weeks, creating a defined trading channel. This consolidation has kept price action confined between $4.60 and $5.80. Recently, APT slipped further, testing lower supports near $4.20-$4.30. The current bounce indicates tentative recovery but lacks conviction.
Technical Indicators Show Downside Pressure
MACD readings show a bearish divergence in recent sessions. The histogram remains negative, confirming short-term downward pressure. Signal lines also stay below zero, further supporting this bearish outlook. Additionally, the 20-period simple moving average sits above the current price, acting as resistance. Bulls must reclaim this level to initiate a trend reversal.
Source: TradingView
Furthermore, volume spikes during the decline phase suggest increased sell-side activity. Market structure still favors consolidation. However, the new Upbit integration could offer short-term upside. Liquidity may improve as traders test Aptos-native USDT pairs.
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