Aptos’ APT Token Surges 4% After Breaking Key Resistance Level
Aptos’ APT token increased by over 4%, trading at approximately $5.065 after breaking through the $5 resistance level. Despite a 19% decline over the past month and competition from other blockchain platforms, recent price movements indicate potential accumulation.
Key points from technical analysis:
- A strong support level established at 4.927 after overcoming the psychological resistance at 5.00.
- A high-volume rally created a new resistance zone at 5.138, with consolidation forming a bull flag pattern between 5.00-5.10.
- APT broke through the 5.090 resistance on volume exceeding 149,000 units.
- A pullback formed a higher low at 5.045, establishing a new support zone.
- Price consolidated in the 5.045-5.062 range, indicating potential accumulation.
- Total price movement represented 0.261 (5.4%) from low to high during the analyzed period.
The broader market, as measured by the CoinDesk 20, was up by 3% at the time of publication.