Aptos (APT) is gaining traction after breaking out of a long-standing descending channel on the daily chart on Sunday, April 5. The crypto analyst Butterfly revealed that the asset is holding firmly above the former resistance, with a successful retest confirming a shift in market structure. 

This price action signals strengthening bullish control, as buyers step in decisively and begin to reverse the previous downtrend.

Source: Butterfly’s X Post

Momentum is accelerating, indicating growing confidence and sustained buying pressure in the market. If this trend continues, APT could be positioning for a notable upward move. 

Butterfly is eyeing the $3.90 level as a key target, suggesting that continued strength may drive prices significantly higher in the near term.

Also Read: Aptos (APT) Activity Surges to 264.5M Transactions Despite Bearish Price Action

Aptos (APT) Faces Pressure Below Key Moving Averages

According to TradingView, APT displays a dominant bearish trend as the price struggles near $0.837. The moving average ribbons, specifically the 20, 50, 100, and 200 SMAs, are aligned in a downward slope, providing heavy resistance. 

Current price action remains trapped below these levels, confirming that sellers maintain control despite a slight stabilization in the latest candles.

Source: TradingView

MACD shows a subtle change in momentum: it shows a bullish crossover that occurs while still in the negative zone. The MACD crosses over its signal, and its histogram shows the decline of bearish strength. 

However, all of the mentioned technical parameters lie substantially below zero; hence, any upward trend occurring now can be considered a mere correction to the downward one.

Aptos Gains Momentum with Strong On-Chain Growth

Apart from this cautious price movement, the Aptos blockchain is once again gaining traction, with on-chain activity on the rise for several important indicators. 

Week-over-week fees have increased to an all-time high over the past six months, with 47,350 APT burnt. In addition, Decibel Trade has managed to break the $1 billion mark in terms of its total trade volume.

The Aptos team is continuing its efforts in terms of development, with the launch of confidential assets on the testnet to improve transaction privacy and security. 

The participation in the ecosystem is increasing, having a daily activity of 1.3 million addresses, an increase of 18.2%, with 274.8 million transactions recorded during March.

This article contains market analysis and price predictions. These are not guarantees. Crypto markets are volatile. Always DYOR. Not financial advice.

Also Read: Aptos Partners With Mastercard: Could It Push the ATP Toward $0.98 Target?

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Filed under: Bitcoin - @ April 6, 2026 5:00 am