Aptos (APT) Appears to Break Descending Wedge as Volume Climbs, Could Target $10.50

• APT breaks multi-month wedge with 20%+ gain and rising volume, confirming bullish structure.

• Immediate targets near $10.50; $5.12–$4.70 is the key support region and entry zone.

• Open interest rose from $323M to $436M and TVL expanded from $28B to $75B, signaling stronger fundamentals.

Aptos breakout: APT surges on wedge breakout and heavy volume. Read targets, support zones, and trading signals to spot entries now.

Aptos smashes key resistance with soaring volume, sparking a 20% rally. Is APT gearing up for a breakout run to $10.50?

• APT breaks out of multi-month wedge with over 20% gain and rising volume, confirming bullish structure.
• Bullish breakout targets $10.50, a level last seen in early 2024, with $5.12 acting as key support zone.
• Open interest and trading volume spike, backed by DeFi growth and strategic Aptos partnerships.

Aptos (APT) surged 3.11% in the last 24 hours to $5.27, with nearly $980 million in 24-hour trading volume. The token has gained over 29% in a week, fueled by a strong breakout and growing market momentum.

How did the technical breakout signal a trend shift?

Aptos breakout occurred as APT/USDT pierced a descending wedge that formed earlier in 2024. The wedge displayed lower highs and stable lows, indicating price compression prior to the breakout. A decisive daily close above wedge resistance, paired with elevated volume, signals a shift from the prior downtrend to a bullish structure.

The breakout occurred near the $5.12 resistance zone and pushed price above $5.50 on follow-through buying. Social commentary from market observers, including CryptoFaibik, highlighted a 20% profit since the wedge breakout and projected targets near $10.50 based on pattern measurement.

Technically, the rally is supported by a higher daily close above the wedge, rising open interest in derivatives, and sustained volume. DeFiLlama data (plain text reference) shows APT futures open interest rose from $323 million to over $436 million, with a positive funding rate that implies bullish positioning among derivatives traders.

Where are support zones and fair value gaps offering entries?

After the breakout, the $5.12–$4.70 band is the primary area of interest. This region coincides with daily Fair Value Gaps (FVGs) down to $4.55. These imbalances often act as demand zones on retracements and can provide lower-risk entries for trend-following trades.

Traders seeking entries can watch for consolidation or price rejection within this zone. A failure to hold $5.12 on a pullback could indicate a false breakout, but current structure favors bulls with supporting indicators like a green Supertrend and a bullish MACD crossover.

What fundamentals are fueling bullish momentum?

Fundamentals have strengthened alongside technicals. Multichain wallet Backpack added native Aptos support, lowering friction for users. Total value locked (TVL) on Aptos expanded from $28 billion in April to about $75 billion, according to DeFiLlama (plain text reference).

Stablecoin supply on Aptos increased roughly 5% in the past week to $1.09 billion. Trading volume across venues surged to as much as $1.2 billion in recent sessions, signaling expanding market participation. The crypto Fear and Greed Index also moved into the “greed” zone during the rally, reflecting broader market sentiment.

Frequently Asked Questions

What caused the recent APT price surge and is it sustainable?

The recent APT surge stemmed from a descending wedge breakout, higher trading volume, and rising open interest. Sustained momentum depends on holding $5.12 support and continued growth in TVL and user adoption.

How can I spot a reliable entry after the breakout?

Look for price consolidation or bullish rejection within $5.12–$4.70, increased volume on reversals, and confirmation from indicators like Supertrend and MACD. Manage risk with stop-losses below FVGs.

Key Takeaways

• Confirmed breakout: APT closed above the wedge with strong volume and rising open interest.
• Targets & support: Pattern projects an eventual target near $10.50; $5.12–$4.70 is primary support.
• Fundamentals: TVL growth and native wallet support reinforce adoption; watch on-chain metrics like TVL and stablecoin supply.

Conclusion

The Aptos breakout combines technical confirmation and improving fundamentals. Aptos breakout signals a bullish shift with targets near $10.50 while $5.12–$4.70 remains the critical support area. Traders should watch volume, open interest, and on-chain TVL for confirmation and manage risk on retracements. COINOTAG will monitor developments and update this analysis as new data emerges.