CoinDesk 2025-06-09 21:11:27

Aptos' APT Gains 4% on Significant Volume, Has More Potential Upside

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. The token is currently 2.6% higher, trading around $4.86. The broader market gauge, the CoinDesk CD20 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.