Featured News Headlines
Aptos Technical Analysis: Bullish Signals Point to Significant Gains
According to data from crypto.news, Aptos (APT) traded at $5.12 on the afternoon of October 3 (Asian time), marking a 5% increase in the last 24 hours and a notable 30% surge over the past week. The token’s daily trading volume hit nearly $1.2 billion, almost double the amount seen at the start of this period, highlighting solid trader demand.
Growing Activity in Derivatives Markets
Investor activity extends beyond spot trading, with the derivatives market showing increased enthusiasm. DeFiLlama reports that open interest in APT futures has climbed from $323 million to over $436 million. The weighted funding rate also turned positive, signaling that more traders are opening long positions, reflecting a bullish sentiment toward Aptos’ future prospects.
Key Developments Boosting Aptos’ Profile
Several recent developments have contributed to Aptos’ upward trajectory. The project announced a partnership with World Liberty Financial (WLFI), set to bring the USD1 stablecoin to the Aptos blockchain with a launch scheduled for October 6. USD1 is currently the sixth-largest stablecoin by market cap, valued at around $2.7 billion. Its introduction is expected to enhance Aptos’ position in decentralized finance (DeFi) by attracting increased trading, lending, and liquidity activities.
In addition, Backpack, a popular multichain wallet and app platform, has integrated native support for Aptos, which could lower the entry barriers for new users and foster broader adoption.
DeFi Growth Signals Expanding Ecosystem
DeFiLlama data reveals rapid growth in Aptos-based DeFi protocols. The total value locked (TVL) on the Aptos blockchain surged from $28 billion in April to over $75 billion recently. Furthermore, the stablecoin supply on the network has increased by 5% in the past week, reaching $1.09 billion.
This rise in TVL alongside the expanding stablecoin base indicates that users are actively utilizing Aptos’ lending platforms, liquidity pools, and decentralized exchanges, rather than simply holding assets passively.
October’s reputation as a historically bullish month for Bitcoin and the wider crypto market has supported positive momentum. At the time of writing, the Crypto Fear and Greed Index had shifted into the “greed” zone, improving significantly from “fear” just a week earlier.
On the technical front, Aptos has broken above a descending triangle pattern—a formation defined by a flat support line and a descending resistance line. This breakout suggests a bullish reversal, with the price confirming the upper trendline as new support after retesting it successfully.
Additional bullish indicators include the Supertrend signal turning green and the MACD line crossing above the signal line, both pointing to upward momentum.
According to these technical signals, the next potential target price for Aptos is around $8.20, calculated by adding the height of the triangle to the breakout point. This level represents a 56% increase from current prices.
However, if Aptos falls below $5, the bullish setup could be invalidated, potentially increasing downward pressure.
