Aptos bulls push even as sellers dominate: Can APT’s breakout hold?
2025-07-17 08:50:52
Main Idea
Aptos (APT) has broken out of a falling wedge pattern, signaling a potential bullish reversal, but faces challenges from sell-side pressure and liquidation risks.
Key Points
1. APT broke out of its multi-month falling wedge pattern, reaching $5.19 with an 8.09% daily gain, but faces resistance from sell-side dominance.
2. Spot CVD indicates traders are selling into the breakout, creating a divergence that could lead to increased volatility or a pullback.
3. Aptos recorded nearly $1M in net inflows, showing renewed buying interest on centralized exchanges, which could support further price gains.
4. DEX activity surged to $219.73M in 24 hours, with weekly volume up 16.96%, indicating growing market engagement with the Aptos ecosystem.
5. Liquidation clusters between $5.00 and $5.40 suggest heightened leverage activity, making this zone pivotal for APT's next directional move.
Description
APT breaks above its falling wedge, but sell-side pressure and liquidation clusters threaten momentum.
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