Aptos (APT) is drawing renowned attention from traders as technical signals point to a potential shift in momentum. A recent Market Structure Shift (MSS) has highlighted a bullish reversal, with price action retracing into an Advance Order Block (OB).
At the time of writing, APT is trading at $4.39 with a 24-hour trading volume of $389.03 million and a market capitalization of $3.08 billion. The APT price over the last 24 hours is down by 2.63%, but over the last week it has been showing stability.
Source: CoinMarketCap
Also Read: Aptos (APT) Price Prediction: Bulls Set Sights on $5.66 Breakout Level
According to the crypto analyst, Aptos (APT) is catching attention after a recent Market Structure Shift (MSS) that signaled momentum has decisively turned bullish. That action, typically seen as the beginning of a new uptrend, has investors placing bets on potential higher highs as buy pressure builds after weeks of inaction.
The price action also retraced back into an Advance Order Block (OB), one of the technical levels linked to institutional buying that is usually considered as a suitable entry spot for continuation themes.
Source: X
At the same time, liquidity concentrated at $5.151, the last month’s high, is acting as a magnetic spot, as many market commentators predict that the bulls will attempt a clear retracement of this level.
Further strengthening the bullish case is a strong displacement move, showing massive purchasing and consolidating odds of further continuation rather than reversal. In tandem with such factors, Aptos bulls now appear to be laying out the foundation toward a jump into virgin territory, and marketplace participants remain closely attentive, keeping traders closely focused on whether the rally can extend in the near term.
The derivatives market saw mixed indications in the current session. The turnover climbed 0.89% to $305.82 million, showing a marginal rise in activity. However, open interest came down by 4.86% to $339.39 million, showing a careful unwinding of trades despite fresh volume inflows.
Source: Coinglass
With an OI-weighted funding rate of just 0.0111%, the market remains exceedingly neutral, meaning that despite the rotation of liquidity across contracts, overall sentiment and directional bias still aren’t building in either direction.
Source: Coinglass
Also Read: Aptos Targets $6.75 Resistance as Triangle Formation Signals Bullish Momentum
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