Aptos forms Golden Cross: Is APT poised for a lasting bull run?

• The Golden Cross and recent price surge positioned Aptos for a potential sustained rally.
• Social volume, development activity, and rising Open Interest bolster Aptos’s bullish momentum.

The recent formation of a Golden Cross has propelled Aptos [APT] into the spotlight, sparking a 12% surge and bringing its price to $11.25 at press time.

This bullish signal, known for predicting upward trends, has traders eyeing APT’s potential for a sustained rally.

However, with crypto’s inherent volatility, the question remains: can Aptos maintain this momentum and secure a breakout?

What does the Golden Cross mean for Aptos?

The Golden Cross, a powerful technical signal, occurs when the 50-day simple moving average (SMA) crosses above the 200-day SMA, typically marking the start of an uptrend.

This crossover suggests intensified buying pressure, hinting that APT could see prolonged bullish momentum.

The Golden Cross coincides with a recent spike in APT’s trading volume, reinforcing positive sentiment around the token.

However, breaking and holding key resistance remains essential.

At press time, APT breached the $10.58 resistance level, paving the way for a potential rally toward the next target of $19—a possible 72% gain from its current price.

If the token can hold above this resistance, the Golden Cross could deliver on its bullish promise, opening the door to further gains.

Source: TradingView

Is APT gaining momentum?

The social volume has increased moderately recently, indicating heightened interest and visibility across social media platforms.

Consequently, this surge in social engagement often drives market interest, drawing in new buyers and strengthening price momentum.

Historically, a rise in social volume frequently aligns with price growth, suggesting that APT’s current rally may have more support than meets the eye.

Source: Santiment

Development activity supports investor confidence

Aptos’ development activity, tracked at 75.43 on Santiment, demonstrated consistent progress by the Aptos team.

This steady development activity reflected ongoing project improvements, signaling long-term value and sustainability.

Furthermore, continuous development assures investors that the team remains committed to the project’s growth, which can bolster market confidence in APT’s future potential.

Source: Santiment

 A sign of strong market sentiment?

Open interest in APT futures has increased by 17.61% to $224.65 million, indicating a substantial rise in trader interest.

This increase suggested that market participants were positioning themselves for further price action, likely betting on APT’s bullish trajectory.

Therefore, the rise in Open Interest aligns with market optimism, adding another layer of support to APT’s current rally.

Source: Coinglass

Can APT sustain its upward trend?

With the Golden Cross, heightened social volume, steady development activity, and a surge in Open Interest, Aptos appears primed for potential growth.

Read Aptos’ [APT] Price Prediction 2024–2025

However, holding above key resistance remains crucial for further gains. If APT maintains this momentum, it could achieve a lasting rally, attracting both traders and long-term investors into the Layer 1 ecosystem.

The next few days will be decisive for APT’s trajectory and could signal a broader breakout in the market.