Aptos (APT) Breaks Out Above $5—Can the Rally Extend to $6.30 or $8.00?

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Key Takeaways:

• APT broke out of a falling wedge, gaining 8% and reclaiming $5.19.
  
• Spot inflows and DEX activity support a bullish continuation.
  
• Sell-side dominance and leverage clusters call for caution near $5.40.

Aptos (APT) has surged 8.09% in the past 24 hours, hitting $5.19 and breaking out of a long-standing falling wedge pattern. This technical breakout often precedes bullish reversals, fueling optimism that the token could now target $6.30 and potentially even $8.00—if bullish momentum holds. The move also flips former resistance into a crucial support level, reinforcing the strength of the breakout.

Taker Sell Dominance Clouds the Bullish Picture

Despite the technical breakout, not all metrics align with a clean bullish narrative. Spot CVD (Cumulative Volume Delta) data reveals that sellers still dominate execution volume, with taker sell pressure suggesting traders are offloading into strength. This divergence between price and actual market behavior raises the risk of a false breakout or near-term correction. If sell-side dominance continues, Aptos could face volatile price action or retracement toward prior support.

Positive Netflows Signal Renewed Accumulation

On-chain data paints a more encouraging picture. Aptos recorded nearly $1 million in net spot inflows at press time, suggesting increased buying interest on centralized exchanges. These inflows indicate accumulation rather than profit-taking, a positive signal that supports the recent price breakout. Historically, such inflows during breakout phases validate upward momentum and increase the chances of follow-through price action.

DEX Volume Surges, Reflecting Ecosystem Growth

Decentralized exchange (DEX) volume for APT also surged significantly, hitting $219.73 million in the past 24 hours and $1.511 billion over the week—a 16.96% jump. This rise reflects broader user engagement and real activity within the Aptos ecosystem. High DEX volume often strengthens bullish price trends, suggesting growing demand and liquidity that could help stabilize price gains.

Also Read: Aptos Leads RWA Growth with $538M TVL Surge—Is It the Next DeFi Powerhouse?

Binance liquidation heatmaps show clusters between $5.00 and $5.40, indicating increased leverage activity in that zone. These clusters often act as price magnets, triggering liquidations that can drive sudden moves. A push above $5.40 could cascade into a wave of short liquidations, adding fuel to a potential rally. On the flip side, a drop below $5 could nullify the breakout and invite bearish pressure.

Aptos’ breakout is technically valid and backed by strong spot inflows and DEX engagement. However, continued taker sell dominance and dense liquidation zones signal potential headwinds. For now, holding above $5 is key to sustaining bullish momentum and targeting $6.30 or higher.

Disclaimer: The information in this article is for general purposes only and does not constitute financial advice. The author’s views are personal and may not reflect the views of Chain Affairs. Before making any investment decisions, you should always conduct your own research. Chain Affairs is not responsible for any financial losses.