APT has reclaimed $1 for the first time since February 24. It has rallied 13% in 24 hours with volume up over 100%, making it the day’s top-performing major altcoin.
Its futures open interest has hit a two-month high of $100.33 million, and the long/short ratio has flipped green for the first time in four weeks.
APT’s Supertrend indicator has flipped below price for the first time in ten weeks; if bulls hold $1, the next targets are $1.30 and $1.53.
APT, the native coin of the Aptos Layer-1 proof-of-stake blockchain, has climbed back above the $1 mark for the first time in 30 days. The altcoin is now attempting to hold the level as new demand gradually returns to the market.
APT is up 13% over the past 24 hours, with trading volume surging by more than 100% in the same period. This signals an uptick in market participation after weeks of subdued price action.
APT Leads the Market as Geopolitics Shifts Sentiment
APT’s double-digit rally has made it today’s top gainer in the crypto market. It has outperformed leading coins like Bitcoin and Ethereum, whose values have risen by only 3% each over the past day.
The rally did not come in a vacuum. CCN reported on March 23 that the broader crypto market surged alongside Bitcoin after U.S. President Donald Trump posted a comment widely interpreted by traders as a potential signal of de-escalation in the ongoing U.S.-Israel-Iran conflict.
APT spiked above $1 yesterday (for the first time since February 24) in direct response to the market-wide move.
Interestingly, although the market retraced after Iranian officials stated there had been “no direct contact with Trump,” APT closed at a high and has continued to log new gains today.
Futures Market Turning Bullish
Open interest in APT futures has surged alongside the price move, a sign that new money is entering the market. According to Glassnode’s data, this sits at a two-month high of $100.33 million as of this writing.
Open interest measures the total value of outstanding futures or options contracts that have not yet been settled. It tracks the amount of capital actively committed to the market at any given time, making it a reliable gauge of market participation.
When an asset’s futures open interest soars during a period of price rally, it means traders are opening new positions in the direction of the move rather than simply closing old ones.
For APT, this points to a market leaning bullish, with real capital behind it. The surge in open interest to a two-month high, coinciding with APT’s reclaim of $1, suggests that futures traders are betting the coin has more room to run.
Long Bets Dominate Among Futures Traders
This conviction is further reflected in the long/short ratio. According to Coinglass data, the ratio has flipped green for the first time in 4 weeks. This indicates that bullish positioning now dominates among leveraged traders. At press time, this sits at 1.04.
The long/short ratio tracks the balance between traders betting on price increases (longs) versus those betting on declines (shorts).
When the ratio is above 1, it indicates that long positions dominate, signaling bullish sentiment. Conversely, a ratio below 1 suggests that short positions are heavier, indicating bearish sentiment.
Per Coinglass, from late February through most of March, APT’s long/short ratio was in the red, meaning short sellers consistently outnumbered longs even as the price attempted minor recoveries.
Today’s reading is the first clean break from that pattern, and it aligns precisely with APT pushing and trying to hold above $1.
This suggests that APT’s futures traders are positioning for a continuation of the uptrend.
Technical Structure Supports the Move
On the daily chart, readings from its Supertrend indicator support this bullish outlook.
APT’s Supertrend indicator now sits below the price for the first time in weeks, a signal that the trend may be turning in the coin’s favor.
This momentum indicator helps traders identify the market’s direction by placing a line above or below the price chart, depending on the asset’s volatility.
When an asset’s price trades above the green line of the Super Trend indicator, it signals a bullish trend. It indicates that the market is in an uptrend and that buying pressure is dominant.
For context, APT’s Supertrend indicator has spent the better part of ten weeks tracking above the price in red.
Now, with APT’s Supertrend flipping to $0.84 to offer dynamic support, the bulls seem to be regaining control amid climbing demand for the altcoin.
What Next For APT?
If APT continues, it eyes a breach above its next major resistance at $1.30. A daily close above this level could open the door to a rally toward $1.53.
However, if sentiment grows sour and profit-taking returns to the market, the altcoin risks shedding some of its gains over the past day.
In the scenario, APT could breach the support floor formed by its Supertrend indicator at $0.84, and fall to $0.74, a low last reached in October 2025.
Disclaimer:
The information provided in this article is for informational purposes only. It is not intended to be, nor should it be construed as, financial advice. We do not make any warranties regarding the completeness, reliability, or accuracy of this information. All investments involve risk, and past performance does not guarantee future results. We recommend consulting a financial advisor before making any investment decisions.
Abiodun Oladokun is a Research Analyst at CCN, where he covers cryptocurrency markets with a focus on on-chain analysis, technical assessments, and emerging trends across decentralized finance (DeFi), real-world assets (RWA), artificial intelligence (AI), decentralized physical infrastructure networks (DePIN), Layer 2s, and meme coins.
Prior to CCN, he served as a Senior On-Chain Analyst at BeInCrypto, producing market reports spanning diverse crypto sectors.
Before that, he conducted technical analysis and market assessments of various altcoins at AMBCrypto, where he also contributed long-form quarterly research papers on DeFi, NFTs, DAOs, and scaling architectures, leveraging on-chain platforms including Messari, Santiment, DefiLlama, and Dune Analytics.
He began his crypto career as a research analyst at SixthSense DAO, developing blockchain forensic tools to trace the history of stolen assets.
Abiodun is a lawyer called to the Nigerian Bar and the founder of Ilé Ijó, a Lagos-based electronic dance music collective.
