• APTUSDT surged 9.1% in 24 hours, breaking key resistance at $4.70 and forming a
continuation pattern.
• RSI climbed into overbought territory (72), while MACD histogram expanded, confirming strong upward momentum.
• Volume and turnover surged in the last 6 hours, aligning with price gains and signaling accumulation.
• Price action remained above both 20 and 50-period SMAs on the 15-minute chart, reinforcing bullish bias.
•
Bands widened significantly after a consolidation period, suggesting increased volatility and trend continuation potential.
Aptos (APTUSDT) opened at $4.595 on 2025-08-08 at 12:00 ET, surged to $4.869, and closed at $4.823 as of 2025-08-09 at 12:00 ET. Total volume reached 1.52 million units, with notional turnover hitting $6.88 million.
Structure & Formations
Price broke above a descending triangle on the 15-minute chart, confirming a bullish breakout. Key support levels at $4.65 and $4.55 were tested and rejected. A large bullish engulfing pattern formed at the breakout, while a doji near $4.65 suggests short-term indecision. Resistance is now likely to develop around $4.86–$4.89 as consolidation begins.
Moving Averages
On the 15-minute chart, price closed above both the 20- and 50-period SMAs, reinforcing upward momentum. On the daily chart, while the 50 SMA has been crossed, the 100- and 200-day SMAs remain above current price, suggesting medium-term caution.
MACD & RSI
The MACD crossed above the signal line with a strong histogram, confirming rising bullish momentum. RSI reached 72, indicating overbought conditions, which may invite short-term profit-taking. However, the strength of the move suggests a continuation rather than immediate reversal.
Bollinger Bands
Bollinger Bands widened significantly as price surged, indicating rising volatility. Price closed near the upper band, suggesting continued bullish pressure. A potential retracement to the 38.2% Fibonacci level at $4.76 may offer a key buying opportunity.
Volume & Turnover
Volume spiked sharply after 05:00 ET, coinciding with a breakout from consolidation. Turnover followed a similar pattern, with the highest notional turnover occurring during the final 6 hours of the reporting window. The alignment of price, volume, and turnover supports a continuation of the rally.
Fibonacci Retracements
On the 15-minute chart, a key swing from $4.59 to $4.69 shows 38.2% at $4.64 and 61.8% at $4.61. Price is currently holding above the 61.8% level, suggesting buyers are in control. On the daily chart, retracement levels from the recent consolidation could offer support at $4.70–$4.65.
APTUSDT appears poised for a test of $4.88–$4.90 in the next 24 hours, though overbought conditions and divergences in the RSI could invite profit-taking. Investors should monitor volume and the 50-period SMA for early signs of a potential consolidation or reversal.
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