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Aptos’ APT Gains 4% on Significant Volume, Has More Potential Upside
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Jun 9, 2025, 9:11 p.m.
- APT rallied more than 4% on strong volume.
- Support at the $4.84 level has held, suggesting continuation of the uptrend.
Aptos’ APT token rallied more than 4% on significant volume, with momentum indicators suggesting more potential upside, according to CoinDesk Research’s technical analysis model.
The digital asset broke out of its consolidation phase between $4.65-$4.73, establishing strong support at $4.73 before pushing through previous resistance levels to establish a new local high, according to the model.
STORY CONTINUES BELOW
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The token is currently 2.6% higher, trading around $4.86.
The broader market gauge, the CoinDesk was 1.75% higher at publication time.
Technical Analysis:
- APT rallied from $4.65 to $4.85, representing a 4.3% gain with significant volume confirmation.
- Price formed a clear consolidation pattern between $4.65-$4.73 before experiencing a decisive breakout at 09:00 with volume nearly doubling the 24-hour average.
- Strong support established at $4.73 with subsequent price action forming an ascending channel with resistance at $4.85.
- Substantial volume spike during the 16:00 candle (884,397 units) confirmed buyer conviction as APT pushed through previous resistance levels.
- Price formed a distinct pattern of higher lows while encountering resistance at $4.85, which was breached during the 20:01 candle with significant volume (10,126 units).
- Key technical development occurred at when price surged from $4.84 to $4.85 with strong volume confirmation (9,094 units).
- Support at $4.84 held through subsequent retests, with final minutes showing decisive momentum suggesting potential continuation of the uptrend.
CoinDesk Analytics is CoinDesk’s AI-powered tool that, with the help of human reporters, generates market data analysis, price movement reports, and financial content focused on cryptocurrency and blockchain markets.
All content produced by CoinDesk Analytics is undergoes human editing by CoinDesk’s editorial team before publication. The tool synthesizes market data and information from CoinDesk Data and other sources to create timely market reports, with all external sources clearly attributed within each article.
CoinDesk Analytics operates under CoinDesk’s AI content guidelines, which prioritize accuracy, transparency, and editorial oversight. Learn more about CoinDesk’s approach to AI-generated content in our AI policy.
Will Canny is an experienced market reporter with a demonstrated history of working in the financial services industry. He’s now covering the crypto beat as a finance reporter at CoinDesk. He owns more than $1,000 of SOL.
