The Aptos price is trading at $5.15 after surging 7.5% in the last 24 hours on a 10% pump in the daily trading volume to $3.25 billion.
Aptos Price Pumps On Bitwise In-Kind Addition
The APT price pump follows Bitwise’s recent move to amend its proposed Aptos exchange-traded fund (ETF) to include in-kind redemptions. This update, revealed through official filings, is seen as a major step toward bringing Aptos into traditional financial markets.
In-kind redemptions allow investors to swap ETF shares directly for the underlying APT tokens, making the fund more tax-efficient and appealing to both institutional and retail investors.
Industry experts believe that if the ETF gets regulatory approval, it could inject significant capital into the Aptos ecosystem, improve liquidity, and boost its overall market presence.
Traders have responded positively to the development, with Aptos price bouncing strongly from recent lows and pushing toward key resistance levels. As ETF discussions with regulators continue, market watchers expect the upward momentum to remain strong.
Aptos Price Rebounds from Key Support
The APTUSDT trading pair shows signs of recovery after weeks of sluggish price action. The price has bounced strongly from the major support zone around $4.00 and is now trading at approximately $5.16, marking a nearly 6% increase in the last 24 hours.
For the past two months, APT had been stuck in a sideways range, with the $4.00 level acting as a key support zone. Each time the price dipped near this level, buyers stepped in, preventing further losses. The recent bounce from this zone suggests growing demand and a possible change in market sentiment.
The chart shows a bullish reversal pattern, supported by a break of structure to the upside. This indicates that the downtrend may be over, and a new uptrend could be forming. The Relative Strength Index (RSI) is currently at 59.21, showing that buying momentum is building but is not yet overextended.
The next major hurdle for APT is the resistance zone between $6.50 and $7.00. This area has stopped price rallies several times before, making it an important level to watch. If the price breaks above this zone with strong buying volume, APT could see a further rally in the coming weeks.
Aptos Price Bulls Target $7 Breakout
However, traders should also keep an eye on the $4.00-$4.50 support zone. As long as the price stays above this area, the bullish setup remains valid. A drop below this range could cancel the positive outlook and put the price at risk of more downside.
In short term Aptos price shows a bullish reversal and could be gearing up for a breakout. A successful move above $7.00 could open the door for more gains, but staying above key support is crucial for this bullish momentum to continue.
