Aptos 24-Hour Market Overview: APTUSDT Rallies on Strong Momentum and Volume

• APTUSDT surged 10.5% on strong volume, breaking above $4.60 with a bullish engulfing pattern near session high.
• MACD turned positive with rising momentum, while RSI hit 67—suggesting potential overbought territory ahead.
• Bollinger Bands widened, indicating rising volatility, with price closing near the upper band at $4.681.
• Volume and turnover aligned, confirming strength in the bullish move; no major divergence noted.
• Fibonacci levels suggest key resistance at $4.70–$4.71 and support at $4.57–$4.58 in the short term.

Aptos (APTUSDT) opened at $4.343 on 2025-08-07 at 12:00 ET and closed at $4.604 as of 12:00 ET on 2025-08-08, surging 10.5% during the 24-hour period. The pair traded as high as $4.717 and as low as $4.265. Total trading volume for the period amounted to 11,644,287.33 USDT, with notional turnover reaching approximately $52,181,892, based on the provided OHLCV data.

Structure & Formations

Price action revealed a strong bullish engulfing pattern at the start of the upward breakout, confirming a reversal from a consolidation phase. A key resistance level formed around $4.60–$4.65, with a prior rejection at $4.681. Support levels are forming at $4.57 (Fib 38.2%) and $4.48 (Fib 61.8%). A long-legged doji appeared near the upper band of the Bollinger Bands, signaling a potential pause in the rally.

Moving Averages

Short-term moving averages (20/50-period on the 15-minute chart) crossed into a bullish alignment, with the 20-period MA significantly above the 50-period MA. This suggests continued upside potential in the near term. Daily (50/100/200) MAs show a moderate bullish divergence as well, with price above all three indicators, reinforcing the short-term bullish bias.

MACD & RSI

MACD turned positive in the early morning hours and has remained bullish through the session close, with the histogram showing a gradual expansion, indicating strengthening momentum. RSI reached 67 by the end of the session, suggesting the pair is approaching overbought territory, though not yet in a critical zone. This may indicate a potential pullback is becoming more likely.

Bollinger Bands

The Bollinger Bands expanded significantly during the breakout, with price closing near the upper band at $4.681. This expansion is consistent with rising volatility and a strong directional move. The next critical price level to watch is the upper band’s current range, as a break above it could accelerate the rally further.

Volume & Turnover

Volume and turnover aligned well with the upward move, with the heaviest buying pressure occurring between 06:30 and 08:30 ET as price surged toward the session high. No significant divergence was observed between price and turnover, suggesting the move was backed by strong institutional or large-cap investor participation.

Fibonacci Retracements

Applying Fibonacci retracements to the recent 15-minute swing from $4.265 to $4.717, key resistance levels are identified at $4.70 (23.6%) and $4.71 (38.2%). On the daily chart, $4.48–$4.57 represents the immediate support zone for the coming 24 hours.

The next 24 hours may offer a test of $4.70–$4.71 resistance. If buyers hold, the rally could extend toward $4.80. However, a pullback to $4.57–$4.58 would be a key test for near-term bullish conviction. Traders should remain cautious for signs of overbought conditions or a breakdown below $4.48, which would suggest a deeper correction is on the horizon.