Key Takeaways:
- Aptos gained nearly 11% as $82M inflows strengthen bullish momentum.
- Short positions face liquidations, while long traders maintain confidence.
- Rising volume and AD trends indicate strong accumulation, supporting a potential move toward $4.
Aptos (APT) surged nearly 11% in the past 24 hours, driven by a massive $82 million inflow that boosted bullish momentum. Investors and traders are now eyeing a potential rebound toward the $4 mark as technical signals and market activity suggest sustained upward movement.
Derivatives Point to Strong Bullish Activity
The derivatives market shows a growing confidence in APT. CoinGlass reports an open interest of $275 million, highlighting active trading positions. Short positions have been significantly liquidated, with around $445,950 in shorts closed, while long positions remain steady.
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This trend indicates that bullish traders dominate the market, maintaining confidence in the rally. Technical patterns, including price trading near the lower Bollinger Band, suggest potential upward momentum. As short sellers remain cautious, momentum continues to favor long holders.
Volume and Accumulation Reinforce Rally
Trading volume has climbed, with 183.74 million APT recently exchanged. This surge in volume confirms heightened investor interest and active market participation. The Accumulation/Distribution (AD) indicator shows a clear upward trend, signaling dominant buying activity.
Sustained accumulation often precedes continued price gains, and the current AD trend is approaching a key resistance level. If buying momentum persists, APT could break above this zone, moving closer to the $4 target and establishing a new local high.
Technical Outlook and Key Takeaways
The combination of heavy capital inflows, bullish derivatives activity, and strong accumulation patterns sets the stage for further gains. While caution is advised near resistance levels, current momentum favors a sustained rally. Traders should monitor key technical indicators, including Bollinger Bands and AD trends, to gauge market strength.
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With sustained buying pressure and continued inflows, Aptos is well-positioned for further upside. Investors and traders should track market trends closely as APT seeks to reach the $4 mark in the near term.
