- Aptos gains 35%, riding market momentum and capturing strong investor interest.
- Tether injects liquidity; $2B USDT minted, boosting buying pressure across exchanges.
- Aptos breaks resistance, forming a rounding bottom, signaling a possible breakout.
- APT may hit targets at $14.40 and $18 if buying pressure persists.
It has been an extraordinary week for Aptos, with APT prices soaring 35% in value as the cryptocurrency now rides on the bullish wave of the market. With Bitcoin reaching an all-time high of $80,000, altcoins have joined in to inject strong upward momentum across the board. This rally makes APT one of the leading performers this week, putting it at the breakthrough coveted by traders and investors who seek a decent upside.
Aptos currently trades at $11.18, with an excellent 24-hour trading volume worth $1.47 billion, and a market cap standing at $5.62 billion, which brings 0.20% in market dominance. It has increased by 8.70% from the last day, reflecting its growth to be quite consistent with the active interest shown in its trade.
Tether USDT Boosts Buying Pressure Across Exchanges
Contributing to the already bullish mood, data from Lookonchain signaled that Tether had minted almost 2 billion USDT in the last two days; about 2.54 billion USDT has been transferred from Tether to major exchanges since November 6. This much money has added significant fuel to buying pressure across the crypto market.
Aptos (APT) Eyes Surge Towards $18
From the technical aspect, the coin has been able to clear the neckline of a major rounding bottom formation on its three-day chart, which means this might contribute to a bullish trend ahead. This bottom pattern is quite significant, normally indicating the end of a long aggregation phase whereby the investors build up their positions little by little at lower price levels.
If Aptos continues to move upward, then the next major resistance points will lie around $14.40 and $18.00, which could be a psychological barrier for investors who are closely watching for further gains. Glancing at all these targets, traders are eyeing those as possible zones which Aptos could reach soon if its bullish trend might hold strong.
The current trend for APT points to possible growth in line with the general market. As Bitcoin’s rise propels liquidity and optimism into the market, altcoins like APT also stand ready to benefit from increased investor scrutiny. With technical pointers hinting at further potential upside momentum, Aptos may try to test new highs if the crypto market maintains its optimistic bias.
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