Here’s Why Aptos (APT) Price Is Up Today

Aptos price is having a strong day, up more than 10% and now trading around $5.06, with trading volume climbing by 16%. The move comes after a series of bullish developments that have given traders plenty to get excited about.

One of the main reasons behind the surge is Aptos’ new partnership with World Liberty Financial (WLFI). Together, they’re bringing the USD1 stablecoin onto the Aptos blockchain, with the launch expected by October 6. 

USD1 is already the fifth-largest stablecoin with a market cap of about $2.7 billion, and its arrival on Aptos is seen as a major liquidity boost. Stablecoins usually drive more DeFi activity, and APT’s price jump from $3.92 to $4.86 right after the news shows just how much optimism this created.

Aptos also rolled out a new product, Petra Vault, which is designed for institutions. This multisig wallet includes enterprise-grade security features, transaction simulations, and works with Ledger hardware as well as Google and Apple accounts. For Aptos, it’s another step in building a serious ecosystem for real-world asset tokenization and long-term institutional adoption.

Read Also: XRP Price Outlook: What Traders Should Expect in the Short-Term

What the APT Chart Is Showing

Looking at the 4-hour chart, Aptos price has broken out of a downtrend that kept it under pressure for weeks. The price pushed up from the $4.20 support zone and is now testing resistance just above $5. The rally marks the strongest momentum since early July.

The RSI is approaching 70, showing strong buying strength but not yet at extreme overbought levels. The MACD is firmly green, and the widening histogram signals fresh momentum on the upside. 

Image Source: Coinank

Open interest is holding near 8.97 million, while net shorts are dropping, a sign that sellers are closing out positions. Net longs remain steady, suggesting this move is being powered more by new inflows than leveraged bets.

If Aptos price can maintain its position above the $5 level, the next significant test will be around $5.40 to $5.60, which corresponds to the last local high. On the other hand, if the rally cools, $4.60 is the first support zone to watch.

Read Also: ICP vs Bittensor (TAO): Why Internet Computer Will Be the Clear Winner

APT Price Short-Term Outlook

Aptos looks strong going into October. The combination of fresh liquidity from the stablecoin launch and a new institutional product gives it both hype and substance. 

If the bullish momentum continues, a push toward $5.60 seems realistic in the short term, with room for a run toward $6.20 later this month.

Of course, holding above $5 is key. As long as Aptos price defends that level, the trend favors the bulls. Right now, the market seems to agree that Aptos has found fresh energy at just the right time.

DISCLAIMER: CAPTAINALTCOIN DOES NOT ENDORSE INVESTING IN ANY PROJECT MENTIONED IN SPONSORED ARTICLES. EXERCISE CAUTION AND DO THOROUGH RESEARCH BEFORE INVESTING YOUR MONEY. CaptainAltcoin takes no responsibility for its accuracy or quality. This content was not written by CaptainAltcoin’s team. We strongly advise readers to do their own thorough research before interacting with any featured companies. The information provided is not financial or legal advice. Neither CaptainAltcoin nor any third party recommends buying or selling any financial products. Investing in crypto assets is high-risk; consider the potential for loss. Any investment decisions made based on this content are at the sole risk of the readCaptainAltcoin is not liable for any damages or losses from using or relying on this content.

intelligent crypto
How are  regular people making returns of as much as 70% in a year with no risk?  By properly setting up a FREE Pionex grid bot - click the button to learn more.
Crypto arbitrage still works like a charm, if you do it right! Check out Alphador, leading crypto arbitrage bot to learn the best way of doing it.

Tags:

Boluwatife Afe
Boluwatife Afe

Boluwatife is a dedicated content strategist specializing in the crypto industry and is passionate about blockchain technology and digital currencies. With a keen eye for emerging trends and a talent for making complex topics accessible, Boluwatife aims to educate and inspire the crypto community through engaging and insightful content.

CaptainAltcoin
Logo