The Aptos ( APT ) layer-1 blockchain has successfully penetrated the crucial $5 psychological resistance level for the second time this June, reigniting bullish sentiment as exchange-traded fund (ETF) developments gain momentum. Following its dramatic decline from $8 in February, APT has remained constrained within a $4.19 – $6.08 trading range, forming double bottoms in April and again on June 22, technical patterns that often signal an impending breakout. Source: Cryptonews At the time of writing, APT trades at $4.99, marking a 7% daily increase after briefly touching a session high of $5.297 from an intraday low of $4.68. This surge has propelled the expanding layer-1 blockchain back above the $3 billion market capitalization threshold, accompanied by a substantial 75.59% increase in trading volume, which has generated over $447 million in APT transactions within the past 24 hours. Bitwise Files for First-Ever Aptos ETF—Wall Street Coming? The positive momentum follows a significant regulatory development on June 26, when the U.S. Securities and Exchange Commission (SEC) provided updates suggesting the potential debut of an Aptos ETF , stemming from Bitwise Investment’s S-1 amendment filing to list such a product. Bloomberg analyst Eric Balchunas highlighted that the key advancement in the amendment involves the inclusion of “in-kind” creation and redemption mechanisms, a feature absent from the initial March filing . One HUGE update to the filing is 'in-kind' creations and redemptions. That was nonexistent in initial filing in Jan. Near-lock at this point that in kind will be allowed in spot ETFs across board. pic.twitter.com/Zzv3ve8l41 — Eric Balchunas (@EricBalchunas) June 26, 2025 Beyond ETF prospects, the Aptos ecosystem has experienced notable expansion with the recent launch of Shelby, a decentralized storage protocol that has contributed to the network’s growing adoption. Shelby has enhanced the Real World Asset (RWA) capabilities of the Aptos blockchain , positioning it as a cloud-grade, Web3-native storage solution that competes with established platforms like Arweave and Filecoin. The network has now surpassed $540 million in on-chain RWAs, securing its position among the top three blockchains for real-world asset tokenization. BREAKING: → Aptos breaks +540M in RWAs on-chain → Aptos enters the Top 3 chains in RWAs Shelby, Aave, Bitwise, WYST—nonstop momentum. We told you… Real World Aptos. pic.twitter.com/onBcgkBItC — Aptos (@Aptos) June 27, 2025 According to DefiLlama data , Aptos has also crossed the $1 billion milestone in total value locked (TVL) for on-chain assets, placing it in direct competition with established networks, including Avalanche, Sui, and Hyperliquid, all of which are members of the exclusive $1 billion TVL club. Source: DefilLama $1 Billion Milestone: Aptos Layer-1 Blockchain Crushes TON, Cardano in Stablecoin Race Aptos has distinguished itself as the highest-rated blockchain for stablecoin integration , evidenced by robust growth in stablecoin issuance across the network. Stablecoin circulation on Aptos has exceeded the $1 billion threshold , at least $500 million more than comparable networks, including TON, Cardano, and Sei blockchain. Source: DefilLama Veteran cryptocurrency traders anticipate significant price appreciation for APT given the confluence of growth catalysts and bullish technical developments. First1Bitcoin, a Bitcoin investor since 2015, observed that Aptos exhibits strong reversal signals following an extended downtrend. $APT is showing signs of a strong reversal after a prolonged downtrend. Price bounced perfectly from the key demand zone near $5 and is now aiming for higher resistance levels at $8 and $10. If momentum holds, $APT could surprise. What’s your next move? pic.twitter.com/kYdUTcUtuy — First1Bitcoin (@First1Bitcoin) June 27, 2025 After the recent price recovery from the critical demand zone near $5, he projects $8 and $10 as the next logical price targets. Another market analyst noted that Aptos has rebounded from long-term support levels while successfully flipping above the 50-day exponential moving average, anticipating a potential 100-200% increase from current price levels. Falling Wedge Breakout Targets 65% Surge to $8 Level The APT/USDT daily chart displays a bullish breakout from a prolonged falling wedge pattern, a classic reversal formation. After months of declining highs and lows, price action has decisively closed above the upper trendline, indicating a potential trend reversal. Source: TradingView The breakout pattern suggests an upside target of approximately 65.19%, projecting the $8 level based on the height of the wedge formation. This technical structure suggests that sustained trading above the former wedge resistance (now support) could drive prices higher in the short-to-medium term. The APT/USDT weekly timeframe shows a robust multi-touch support zone within the $4.00-$4.20 range, which has served as a launching pad for multiple bullish reversals since late 2022. Price is currently rebounding from this key zone after forming a potential double bottom pattern, suggesting renewed bullish interest if the level is maintained. Source: TradingView The structure indicates that a sustained close above this support could initiate a new upward cycle, initially targeting the $10.52 level, followed by intermediate resistance levels at $15.26 and $19.43. The bullish projection remains valid as long as APT maintains trading above the critical demand zone; a breakdown below this level would invalidate the setup and shift sentiment bearish. The post Aptos Explodes 7% as Bitwise Engages SEC on APT ETF – $7.5 Next Target? appeared first on Cryptonews .
