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The Aptos price surged 14% in the last 24 hours to trade at $6.27 as of 12:33 a.m. EST on trading volume that skyrocketed 41% to $434 million.
The jump came after fund manager Bitwise submitted paperwork to launch an Aptos ETF (exchange-traded fund).
BREAKING:
Bitwise has officially filed for an Aptos ($APT) ETF in Delaware.
Big move for altcoins! pic.twitter.com/G1r6uDPxrm
— Monitor (@Monitor_fi) February 27, 2025
How might this affect the future trajectory of the Aptos price?
Aptos Price Aims For A Continued Breakout Over The Falling Wedge
The APT price chart on the daily timeframe shows a clear falling wedge pattern, a bullish reversal structure.
The Aptos price has been in a strong downtrend, making lower highs and lower lows, but it is now testing the upper boundary of the wedge.
Moreover, the pattern is labeled with A, B, C, and D points, suggesting a completed corrective wave structure within the wedge.
This setup often leads to a breakout toward the upside, especially when combined with improving technical indicators.
The 50-day Simple Moving Average (SMA), currently at $6.77, slightly above the price, is acting as the short-term resistance.
The 200-day SMA is positioned at $8.83, representing the next major resistance level if a breakout occurs, according to GeckoTerminal data.
Moreover, the Relative Strength Index (RSI) seems to be in a neutral momentum around 50. This suggests that the selling pressure has weakened, and the market is at a decision point. A move above 55-60 would confirm bullish strength.
The Moving Average Convergence Divergence (MACD) is also turning positive, as the blue MACD line crosses above the orange signal line, a confirmation of a bullish crossover.
APT Bulls Aim For $15
According to the Aptos price analysis, the falling wedge breakout target suggests a potential move toward $15.00, representing a 135% upside from current levels.
Conversely, if the APT price falls from the current level towards the falling wedge, the bears may take control of the asset, pushing it towards the $3.6 support, within the lower boundary of the wedge.
As the APT price surges, investors are flocking to the presale for Best Wallet (BEST), which popular YouTuber Crypto Gains, with over 146K subscribers, says has the potential to soar 10X after launch.
Best Wallet Presale Closes On $11 Million – Best Crypto Wallet Token?
The Best Wallet presale has just crossed the $10.8 million milestone, and it is easy to see why. With a user-friendly design, advanced features, and high staking rewards, many see the project as the future of crypto wallets.
Unlike MetaMask, which is primarily Ethereum-focused, or Trust Wallet, which is great for beginners, Best Wallet supports over 60 blockchains.
This means you can manage everything from the top altcoins to the latest up-and-coming tokens all in one place.
Among the many features offered, one stands out: the “Upcoming Tokens” section. This feature helps users discover promising projects that are still in the early stages.
The project’s success in identifying promising projects is clear. It’s already identified tokens such as Pepe Unchained (PEPU) and Catslap (SLAP), meme coins that delivered 500% and 3,000% gains, respectively, for early investors.
Investors can also stake BEST tokens for a huge 147% annual percentage yield (APY).
Currently, BEST tokens are priced at $0.024225. Those interested in joining the project should buy BEST before a price hike in a little more than 12 hours.
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