- Aptos (APT) now ranks #2 for BlackRock’s BUIDL fund, hosting around $1.2 billion in RWAs.
- APT’s MACD indicates a bullish trend while RSI and EMA signal a bearish momentum.
- Aptos (APT) faces strong resistance at $4.88.
Aptos (APT), one of the newer Layer-1 blockchains gaining momentum due to its fast transactions and scalability, is getting ready to hit a key resistance point near $5. With traders watching in anticipation of its next move, the question on everybody’s mind is whether APT will break out higher above this key area or experience a potential reversal in the upcoming sessions.
Current Trend, Resistance, and Support Overview
Aptos (APT) currently has a market capitalization of approximately $2.5 billion, with a trading volume of about $140.53 million in the last 24 hours. At press time, the altcoin is trading at $3.47, having decreased by 2.14% over the past 24 hours.
The price is moving in a bearish trend and is currently testing a resistance level near $3.59. If it breaks above this, the next target could be $4.00. On the downside, the support level is around $3.19. If the altcoin falls below this level, we might see a drop towards $3.00.
The blue line indicates the resistance level at $3.59, while the yellow line represents the support level at $3.19.
Also Read: Aptos Eyes $6.20 as USD1 Stablecoin Launches
BlackRock’s BUIDL Expansion
BlackRock’s Digital Liquidity Fund (BUIDL) arranged $500 million in tokenized U.S. Treasuries and cash counterparts on Aptos, making it the #2 blockchain for BUIDL assets after Ethereum (ETH). The cryptocurrency now hosts over $1.2 billion in real-world assets (RWAs), exceeding Solana (SOL) and Stellar (XLM).
This is bullish for APT as institutional adoption confirms Aptos’ scalability and compliance. BlackRock’s move could attract more asset issuers, but APT’s price remains 83% below its all-time high, reflecting lingering uncertainty.
Momentum Indicators Analysis
The Moving Average Convergence Divergence (MACD) of APT indicates a bullish crossover, suggesting that the price may keep increasing for a while. The MACD line above the signal line indicates a bullish crossover. The blue line represents the MACD line, while the orange line indicates the signal line.
While the altcoins’ RSI indicates a bearish to neutral sentiment. The RSI values of 42.12 and 34.07 suggest a neutral-to-weak momentum and an increase in selling pressure. A potential rebound could occur if the RSI drops further below 30.
The EMA 200 of APT is at $4.88, representing a long-term resistance zone. The EMA 48 ($4.01) and short-term EMA 13 ($3.48) indicate a bearish momentum for the altcoin.
Aptos (APT) faces strong resistance at $4.88, and remaining below it keeps the altcoin’s position bearish to neutral in the short term.
Also Read: Aptos (APT) Price Surges as Bulls Target $6.18 After Bitwise ETF Proposal
