โ What Just Happened?
Aptos (APT) jumped 10% in 24 hours, reaching $4.89 and breaking past the critical $5.00 resistance zone. This move came even as the rest of the crypto market remained mostly flat or down.
๐น 24h Trading Volume exploded by 57%, hitting $541M
๐น Market cap climbed near $3.25B
๐น One major reason? Bitwise refiled for a Spot APT ETF with the SEC
That ETF update sparked renewed investor interest, signaling a possible path for institutional capital to enter Aptos.
๐ฅ Why Did Aptos Pump?
๐น Bitwise, a top U.S. crypto fund manager, updated its ETF filing for Aptos
๐น Bloombergโs Eric Balchunas says that this shows SEC engagement is strong
๐น Traders are betting on early exposure before a potential ETF approval
๐ ETFs are seen as a gateway for big money (like hedge funds and institutions) to enter crypto. This ETF could bring new demand for APT โ especially if approved.
๐ Technical View: What the Charts Are Saying
๐ Short-Term Support: APT is holding above the 20-day EMA at $4.68
๐ Key Resistance: Next target is $5.99, which was the May peak
๐ Risk Zone: If price slips under $4.68, next support sits at $3.74
๐ธ Analyst @First1Bitcoin believes APT is targeting $8 and $10 if current bullish momentum holds.
โPrice bounced cleanly from the $5 demand zone... Now itโs eyeing $8 and even $10. Donโt sleep on this,โ he said.
๐ Aptos Ecosystem: Why Fundamentals Matter
APT isnโt just moving on hype. Hereโs whatโs backing the growth:
๐น 15M+ Monthly Active Users in Q1 2025
๐น Stablecoin Volume up 1000% YoY, crossing $200M
๐น 558K Transactions and 133K New Accounts since January
๐น Chosen as Official Wallet Provider for Expo 2025 in Japan
That Expo deal is a major win, positioning Aptos for real-world adoption.
๐ What Traders Should Watch Now
โ Bullish Scenario:
If APT holds above $5.00 and volume stays strong, it could move toward $5.99, then $8.00. A confirmed breakout could attract new buyers chasing momentum.
โ ๏ธ Bearish Scenario:
If the hype fades or ETF news stalls, APT may pull back toward $4.68 or even $3.74.
๐ง Final Thoughts
Aptos just flipped bullish after weeks of downtrend. The ETF filing has lit a fuse, and strong fundamentals like rising users and stablecoin growth are backing the move.
๐ฃ Traders: This may be the start of a bigger rally โ but keep an eye on support zones and ETF news updates for confirmation.