The price of Aptos stock ($APT ) touched $5.27 before stabilizing near $5.00 after the Bitwise update to the exchange-traded fund.
The market capitalization of Aptos (APT) stock has risen to $3.22 billion, with trading volume increasing by over 75%.
Aptos stock (#APT ) rose today by over 7%, briefly reaching a high of $5.27 before retreating slightly to $5.00. This upward momentum coincides with Bitwise's adjustment to the exchange-traded fund, which incorporates in-kind redemption mechanisms, a move designed to enhance tax efficiency and increase the likelihood of regulatory approvals.
As a result, #أبتوس has gained credibility as an effective blockchain asset in regulated investment tools. The market capitalization of Aptos stock is now $3.22 billion, reflecting a daily gain of 7.35%. Meanwhile, its 24-hour trading volume has risen to $449.83 million, marking an increase of 75.3%.
The market capitalization ratio currently stands at 13.93%, indicating strong participation from institutional and individual traders. With a circulating supply of 644.18 million coins $APT
, the open market capitalization reached $2.46 billion, confirming increased on-chain trading activity despite a lack of limited supply.
Will $APT maintain its rise?
Technically, APT faces immediate resistance near $5.30. A decisive breakout above this level could expose the coin to a rise towards the $5.65-$5.85 area, last seen in early June. On the downside, support lies at $4.70.
A breakdown below this level could lead to a retreat towards $4.40, where recent accumulation has appeared. The narrow consolidation range observed earlier this week seems to have ended positively, supported by increased trading volumes and stronger daily closes.
The relative strength index currently stands at 55.75, showing moderate upward momentum. Its 14-day average lags at 43.49, indicating an improvement in the price structure. Typically, a crossover of the relative strength index above its average indicates a continuation of the trend, especially when coupled with increased trading volume. However, the relative strength index remains below 60, meaning the upward strength has not yet reached its peak levels.
Moreover, the Chaikin Money Flow (CMF) indicator has turned positive at 0.05. This indicates net capital inflows and accumulation, further confirming the continuation of upward pressure. The price movement also supports recent moving average crossovers, as short-term averages have begun to bend upwards, approaching key pivot areas.
If the market holds up overall, the stock #Aptos may maintain this rise with some intermittent corrections. Its technical position now aligns with improving market fundamentals, #USCorePCEMay #NODEBinanceTGE