Aptos (APT) Price Climbs to $5.27 as Market Backs Bitwise ETF Move

• Aptos (APT) touched $5.27 before stabilizing near $5.00 after Bitwise’s ETF update.
• Market cap rose to $3.22B with trading volume spiking over 75%.

Aptos (APT) surged over 7% today, briefly hitting a high of $5.27 before retreating slightly to $5.00. This upward momentum coincides with Bitwise’s amended ETF filing, which integrates in-kind redemption mechanics, a move designed to optimize tax efficiency and improve the likelihood of regulatory clearance. 

Consequently, Aptos has gained credibility as a viable blockchain asset in regulated investment vehicles. The market capitalization of APT now stands at $3.22 billion, reflecting a 7.35% daily gain. Meanwhile, its 24-hour trading volume soared to $449.83 million, marking a 75.3% increase. 

The market cap ratio now sits at a robust 13.93%, indicating strong participation from both institutional and retail traders. With a circulating supply of 644.18 million APT, the unlocked market cap has reached $2.46 billion, underscoring rising on-chain activity despite the absence of a capped supply.

Can APT Sustain Its Rally?

Technically, APT faces immediate resistance near $5.30. A decisive break above this level could expose the token to a rally toward the $5.65-$5.85 zone, last seen in early June. On the downside, support lies at $4.70. 

A breakdown below this level may result in a pullback toward $4.40, where recent accumulation emerged. The narrow consolidation range observed earlier this week appears to have resolved upward, supported by higher volume bars and stronger daily closes.

The RSI currently reads 55.75, showing moderate bullish momentum. Its 14-day average lags at 43.49, hinting at an improving price structure. The RSI crossover above its average typically signals trend continuation, particularly when paired with rising volume. However, the RSI remains below 60, implying that bullish strength has not yet reached extreme levels.

Moreover, the Chaikin Money Flow (CMF) has turned positive at 0.05. This suggests net capital inflows and accumulation, further affirming the ongoing upward pressure. Price action is also supported by recent moving average crossovers, where shorter-term averages have begun to curve upward, approaching key inflection zones.

If the broader market holds, Aptos may sustain this rally with intermittent corrections. Its technical posture now aligns with improving fundamentals, particularly due to Bitwise’s renewed ETF push. 

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