Aptos could hit $8 – But only if APT buyers do this ONE thing!
The post Aptos could hit $8 – But only if APT buyers do this ONE thing! appeared on BitcoinEthereumNews.com.
APT has traded within a descending channel, but now approaches key resistance near $4.60. A large cluster of short liquidations above $4.60 may trigger a price surge if resistance breaks. Aptos [APT] spent recent weeks consolidating inside a descending channel, building up pressure for a decisive move. Interestingly, price nudged toward the pattern’s ceiling and last changed hands at $4.47, 3.72 % lower on-day. If bulls reclaim resistance, price could accelerate toward $6.20, with follow-through potentially targeting $8.40 and even $11. Naturally, that hinges on volume, but the signals are stacking up. Source: TradingView APT aggressive takers aren’t waiting The Spot Taker CVD over a 90-day period revealed a clear shift in dominance, with buyers aggressively lifting offers at market price. This indicates real-time demand is outweighing passive selling, a trend often seen just before breakouts. Moreover, this metric aligned with the channel’s upper test, reinforcing the likelihood of a price expansion. Historically, sustained Taker Buy Dominance has marked both accumulation and breakout phases—and that’s precisely what appears to be unfolding. Source: CryptoQuant Why a positive Funding Rate matters now After an extended stretch in negative territory, APT’s Funding Rates have flipped to +0.0053%. This positive shift reflects renewed confidence among long-positioned traders, signaling that bulls are willing to pay to maintain leverage. Of course, when Funding Rates flip green alongside Taker Buy Dominance, pressure is often built fast. If this trend continues, it may amplify the breakout, as leveraged longs build upward pressure. Therefore, funding flipping green could mark a psychological turning point for short-term sentiment. Source: Santiment Is the mood finally turning bullish for APT? Weighted Sentiment, which had stayed in negative territory for weeks, flipped positive—hitting +0.08. It’s a small bounce, but the change in tone matters. Historically, returns often improve when sentiment flips from negative to…
Filed under: News - @ June 18, 2025 11:21 am