Aptos (APT) is making headlines this week as it extends its bullish momentum, posting a nearly 30% gain over the past seven days. The token has rebounded above the $5,00 mark, signaling renewed optimism among traders and investors. This uptick comes as Open Interest (OI) in Aptos derivatives surges, reflecting increased capital inflows and heightened trading activity in the market .
Market Sentiment Turns Positive
Recent data from CoinGlass reveals that Aptos’ Open Interest has jumped by 20% in the last 24 hours, reaching $232 million. This spike in OI is typically seen as a sign of growing confidence among traders, as more capital is being committed to APT futures and options. The long/short ratio has also tilted bullish, with long positions accounting for 53,89% of recent trades and pushing the ratio to 1,16 .
Technical Picture: Testing Key Resistance
Despite the strong recovery, Aptos remains within a four-month descending channel. The price action has formed a V-shaped reversal, with bulls now eyeing the upper boundary of this channel. The immediate target is the monthly high of $5,26, set on June 11. A daily close above this level could open the door for a move toward the next resistance at $5,91 .
Technical indicators support the bullish case. The MACD has shown a bullish crossover, and the Relative Strength Index (RSI) is at 59—above the midpoint but still below overbought territory, suggesting there’s room for further gains .
Key Levels to Watch
• Support: The 50-day Exponential Moving Average (EMA) at $4,87 is a critical support. A close below this could see APT test the $4,34 level, last visited on June 18 .
• Resistance: The immediate resistance is the June high at $5,26, with the next major level at $5,91 if momentum continues .
Broader Outlook and Forecasts
While Aptos is showing short-term strength, broader price predictions for 2025 remain mixed. Some analysts expect APT to trade in a range between $4,10 and $4,90 through the end of June, unless bulls can reclaim the $5,00 level on a weekly close . If that happens, the next target could be $5,60. However, a drop below $4,10 could see the price fall as low as $3,80 . Looking further ahead, forecasts for July and August suggest potential for both recovery and further downside, depending on market sentiment and ecosystem developments .
APT/USDT daily price chart.
Conclusion
Aptos is currently riding a wave of bullish sentiment, supported by rising Open Interest and positive technical signals. However, the token remains within a longer-term downtrend, and traders should watch key support and resistance levels closely. The coming weeks will be crucial in determining whether APT can break out of its current range and sustain its upward momentum.
