Aptos Breaks Out With Explosive Volume, Hints at 200% Rally Ahead

Aptos ($APT) has shattered its falling wedge pattern, revealing a surge of buying momentum with record green volume accompanying this bullish break. Historical data indicates that similar breakout candles in the past led to dramatic rallies—93% and 215%. Currently trading above $5.30, the sentiment surrounding Aptos is growing despite an upcoming token unlock scheduled for later this month. The latest weekly chart breakout on Aptos ($APT) mirrors patterns seen in October 2023 and September 2024, according to @CryptoBullet1. Notably, the volume behind this breakout was the highest since January 2023, signaling significant buying activity. Aptos’s strong performance is amplified by the recent surge of trading volume, reaching a record $5.6 billion weekly volume increase, as reported by on-chain trackers. This upward momentum has driven price from $3.90 to over $5.50, further fueled by increasing open interest in perpetual markets. A significant development has been Bitwise filing the first-ever spot ETF for an altcoin – Aptos – marking a major step towards mainstream adoption, while USD1, a stablecoin built on its network is expected to increase activity and liquidity. However, this breakout comes alongside a planned token unlock of nearly $60 million worth of APT tokens, potentially leading to short-term price fluctuations. While the upcoming token unlock poses a potential challenge, investors are closely watching for any market reaction. Market structure analysis indicates stacked resistance between $5.318 and $5.326 on Aptos-PERP futures on Binance. Strong buy walls are forming around $5.15. Recent accumulation from large players is evident with a 50,000 APT purchase at $5.283. Chaikin Money Flow (CMF) also suggests strong capital inflows. If this momentum continues, Aptos could target short-term prices between $6.00 and $7.00, potentially reaching $10 in the coming weeks.