|

Aptos Price Forecast: Recovery challenges key resistance amid fragile sentiment

  • Aptos extends gains above $1 on Thursday, testing a key resistance trendline breakout.
  • Aptos partners with OKX Agent Payments Protocol to expand the agentic economy to full-scale commerce.
  • Derivatives market activity reflects a lack of confidence among traders, which could flip the near-term recovery.

Aptos (APT) trades above $1.00 at press time on Thursday, extending gains after a 2% jump the previous day. The recovery aligns with the Aptos and OKX partnership in the Agent Payments Protocol, enabling full-scale commerce features in the agentic economy. Aptos should hold a daily close above $1.00 for a sustained recovery to the 100-day Exponential Moving Average (EMA) at $1.17.

Aptos expands AI agent payments features with OKX's new protocol

OKX launched the Agent Payments Protocol on Wednesday, with Aptos as the Day 1 partner, a move to bring features such as quote drafting, specialist hiring, fund escrow, and dispute resolution to the current agent-based payments landscape. The protocol will enable complete operational and communication capabilities between agents, supporting multiple payment options. OKX plans to enable interoperability between every major blockchain with its open protocol, which could make it a new standard for agent commerce.

https://x.com/Aptos/status/2049490537896706481

Aptos struggles to regain retail interest

Aptos is struggling to regain retail strength despite the short-term recovery. CoinGlass data shows the Aptos Open Interest (OI) is down over 4% in the last 24 hours to $108.14 million, indicating a decline in the value of open contracts as traders lose risk appetite. Meanwhile, the funding rate, which has been fluctuating slightly above the zero line, continues to reflect a lack of traders' interest.

APT derivatives data. Source: CoinGlass

Technical outlook: Will Aptos extend its rally above $1?

Aptos tests a downward resistance trendline around $1.0124 and holds above the 50-day EMA near $0.9640. However, the AI token remains capped by the 100-day and 200-day EMAs at $1.171 and $1.827, respectively, keeping the broader bias bearish despite the latest bounce.

Momentum is improving, with the Relative Strength Index (RSI) at 61 growing above the midline and the Moving Average Convergence Divergence (MACD) line holding above its signal line, suggesting buyers still have the upper hand in the short term as long as price stays above the reclaimed trendline area.

A decisive close above $1.00 could target the initial resistance at the 100-day EMA around $1.171, with the longer-term 200-day EMA near $1.827 acting as the next significant cap if the recovery extends.

Chart Analysis APT/USDT (Binance)
APT/USDT daily price chart.

On the downside, immediate support is aligned with the 50-day EMA near $0.964. A loss of these levels would expose APT/USDT to a deeper pullback within the dominant bearish structure.

(The technical analysis of this story was written with the help of an AI tool.)

Author

Vishal Dixit

Vishal Dixit

FXStreet

Vishal Dixit holds a B.Sc. in Chemistry from Wilson College but found his true calling in the world of crypto.

More from Vishal Dixit
Share:

Editor's Picks

Zcash Price Forecast: ZEC poised for a rebound as momentum recovers

Zcash is up 4% on Wednesday, extending the 4% rise from the previous day and paring Monday’s 8% loss. Grayscale’s ZEC-focused Exchange-Traded Fund is facing selling pressure, with over $5 million in outflows on Tuesday. The technical outlook for ZEC is now mixed, with a bearish bias as upside momentum gains strength.

Top 3 Price Predictions: BTC eyes $85,000, ETH holds support, XRP stabilizes

Bitcoin, Ethereum, and Ripple show signs of recovery on Wednesday as buyers try to regain control after their recent market weakness. BTC extends its rebound toward the $85,000 resistance, while ETH and XRP find support around key levels.

Strategy (MSTR) bitcoin buying model faces scrutiny as STRC costs climb

Strategy’s STRC financing strategy increased its Bitcoin holdings in H1, but made its capital structure more expensive, prompting an examination of its effectiveness, according to a Tuesday report by K33. STRC recovered close to its $100 par value, closing at $99.90 after an extended period of heavy buybacks.

Bitcoin pressured by rising yields as equities draw strength from earnings expectations

Bitcoin is seeing a TradFi capital exodus as rising US Treasury yields weigh on digital assets, while equities draw strength from expectations of strong corporate earnings, according to Wintermute. The loss came as Bitcoin fell 3.2% last week, while Ethereum declined 7.0% and altcoins dropped 2.9%.

Bitcoin: Uptober or Rektober?
Bitcoin (BTC) price is down over 4% so far this week, trading below $83,000 at the time of writing on Friday as mounting selling pressure threatens to derail the seasonal “Uptober” rally. Profit-taking, a surge in long liquidations and weakening demand from institutional investors are weighing on BTC.