Key Insights:
- APT bounced from key $4.50 support with a 4% weekly gain.
- Open interest rose nearly 7%, showing rising trader participation.
- Analysts now eye breakout targets at $9.70 and $34 mid-term.
Aptos (APT) price has bounced from its long-standing $4.50 support zone, gaining over 4% on the week. The weekly chart showed a descending triangle pattern, with APT price nearing the upper trendline. A breakout above this structure may trigger a bullish continuation.
The $15–$16 level remains a significant resistance zone, forming a historical double top in 2024. If Apt price clears this range, prior rejection patterns could be invalidated, leading to higher targets.
The breakout target, derived from the triangle’s depth, is approximately $9.70. This implied a potential gain of around 197% from the current price levels.
The 50-week EMA at $7.88 served as a dynamic resistance. At the same time, the RSI sat at 37.10, signaling that the market was nearing oversold territory and a rebound may occur.
Aptos Price Movement: Traders Monitor Key Levels Amid Rising OI
The latest derivatives data showed that the open interest (OI) of APT was up to $103.7 Million. However, all value was in perpetual contracts. This possible structure indicated that short-term traders are beginning to speculate in the pair.
Furthermore, the 24-hour OI change rose 6.98%, increasing market participation. Rising open interest without notable price movements often signals position building. This trend suggested anticipation of a potential shift in Aptos price.
Binance stayed before the open interest share for APT through exchange distribution. On the other hand, the remaining top two followed suit with Bybit and OKX. This data implied traders were watching key technical levels and preparing to position on either side of a breakout.
Analyst Forecasts and Long-Term Projections
Market analyst SolbergInvest observed an APT price recovery from the $4.50 support level. This rebound is supported by a low Stoch RSI reading, indicating potential momentum.
The mid-term scenario is of resistance between $18 and $19. However, the following technical projection is $34 if Aptos price clears this zone.
According to on-chain data, APT may rise to $ 17.51 by April 28, 2025. The token could see a probable increase of 226.33%. Per the technical indicators, the sentiment was Bearish, and the Fear & Greed Index showed 26 (Fear).
In the last 30 days, Aptos price experienced 57% green days, equating to 17 out of 30 days. Its price volatility during this period was recorded at 6.49%.
Network Growth and Ecosystem Expansion
During March 2025, Ademonstrated strong ecosystem performance, marked by steady growth across key user and network metrics. There were 1.11 million daily active users per blockchain, with monthly active users at a strength of 14 million.
Furthermore, there were 175,000 new accounts daily, leading to more general acceptance. Despite this, user engagement remained strong, averaging 2.84 million daily transactions. The total for the month reached an impressive 88.2 million transactions.
During the period, the TVL of the network did not experience any significant fluctuations. Its core TVL was $0.99 billion, including liquid staking, which was $1.3 Billion.
However, if we include borrowed assets, the number was $1.9 billion, per data by DeFiLlama. These figures indicated the continued interest in using the Aptos platform DeFi use cases.
Staking and decentralization metrics have also grown. At the moment, the validator node count was 68. They have 4,320.2 million APT tokens delegated to them by 54,200 delegators, totaling 393.1 million APT tokens.
The circulating supply of 881.5 million APT accounts for 44.6% of the total supply. This highlights active involvement from token holders in maintaining the network, which could influence Aptos price dynamics.
The growth can be accredited to Liquid staking protocols, as Amnis Finance sat atop $214 million in staked assets. With $58 million, Thala Labs was followed by $55 million from TruFin Protocol. They remain relevant for offering further ways to stake within the Aptos ecosystem.
Disclaimer
This article is for informational purposes only and does not provide any financial, investment, or other advice. The author or any people mentioned in this article are not responsible for any financial loss that may occur from investing in or trading. Please do your research before making any financial decisions.
Olivia Stephanie is a FinTech enthusiast with a keen understanding of financial markets. Her passion for economics and finance has led her to explore emerging blockchain technology and cryptocurrency markets.