Technical Analysis

8 min read

Aptos (APT) Rallies 10% After Bearish Pattern Break — Stablecoin Supply Nears All-Time High

Published June 25, 2025 10:47 AM

By Victor Olanrewaju

Edited by Ryan James

Aptos breaks out of downtrend after Shelby launch with JumpCrypto | Credit: Hameem Sarwar

Key Takeaways

APT surged to $5 following the launch of Shelby, a decentralized data network built in partnership with JumpCrypto.
On-chain data shows stablecoin liquidity on Aptos has surpassed $1 billion again, hinting at rising capital inflow.
APT has formed a bullish pennant on the 4-hour chart, with BBP readings suggesting buyers remain in control.

APT, the native coin of the Aptos layer-1 blockchain, briefly retested $5 earlier today. This happened after the Aptos price rallied 10% in the last 24 hours.

The recent surge also helped APT secure its place among the top 100 best-performing altcoins, trailing only Pi Network (PI).

In this analysis, CCN reveals the factors fueling the performance and breaks down what the short term may hold for APT’s price.

Aptos Rebounds With Help From JumpCrypto Deal

Since mid-May, Aptos’ price has been trading in a descending channel, falling to a local low of $3.94 on Sunday, June 22. Earlier today, the altcoin broke above the channel’s upper trendline and hit $5 before retracing to $4.80.

According to CCN’s findings, Aptos’ recent breakout was driven by a significant development. The project announced a partnership with JumpCrypto, the digital asset arm of quantitative trading giant Jump Trading Group.

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The two unveiled Shelby, a decentralized hot storage network designed to transform static files into active, monetizable data assets as part of the announcement.

“Shelby unlocks a new kind of data utility: live, on-demand, and value-generating. Data that moves. Data that earns. Data that supports a new class of internet applications – from AI pipelines and streaming to gaming and user-generated content – without compromising on speed, control, or ownership,” Aptos revealed about the matter on X.

Following the rally, the daily chart reveals that APT has confirmed a bullish crossover on the Moving Average Convergence Divergence (MACD).

Specifically, in blue, the 12 Exponential Moving Average (EMA) has crossed above the 26 EMA (orange). The last time this happened was around May 7.

Weeks after that, the Aptos price surged to $6.26. Should this trend repeat, APT will likely trade much higher in the short term.

Beyond the recent breakout, on-chain data is encouraging for Aptos’ ecosystem health. According to DeFiLlama, the stablecoin supply on the Aptos network is once again climbing, approaching its previous all-time high.

On June 11, Aptos reached a record $1.32 billion in stablecoin supply—a key liquidity indicator for DeFi activity.

While the supply briefly dipped below $1 billion later, it has rebounded above that threshold, suggesting a renewed influx of capital and user confidence into the chain.

Aptos stablecoin supply rises — APT Stablecoin Supply | Credit: DeFiLlama

APT Price Prediction: Bulls Are Back

A closer look at the 4-hour chart reveals a bullish structure for Aptos. After pulling back slightly from $5, APT has formed a bullish pennant.

This pennant emerged after the initial price surge, with tight consolidation forming the flag portion of the pattern.

Adding weight to this outlook, the Bull Bear Power (BBP) indicator remains positive, indicating that buying strength still outweighs selling pressure.

Should the Aptos technical setup remain the same, the altcoin’s value could break the resistance at $5.14. If this happens, the next move for the cryptocurrency could be a surge to $6.

Aptos price chart — APT/USD 4-Hour Chart | Credit: TradingView

Meanwhile, if bears overpower bulls, APT’s price might drop below the upper trendline of the pennant.

A move like this could lead to a potential decline toward $4.23, or, in a highly bearish case, to a slide to $3.75.

Victor Olanrewaju

Victor Olanrewaju is a crypto analyst and reporter at CCN with deep roots in on-chain research and technical analysis. His crypto journey began in 2017, but it was the 2020 Uniswap airdrop that sparked a full-time pivot into the space. With a foundation in copywriting, Victor honed his craft creating high-converting content for leading crypto brokers — most notably an XRP price prediction that ranked #1 on Google during the 2021 bull run. He later joined AMBCrypto in 2022, where he combined storytelling with technical and on-chain analysis to cover key market narratives. In 2024, he expanded his expertise at BeInCrypto, collaborating with analysts and using tools like Glassnode, Santiment, and IntoTheBlock to break down Bitcoin and altcoin trends. At CCN, Victor covers the top cryptocurrencies, memecoins, macro shifts, blending real-time insights with deep-dive metrics. He holds a Bachelor’s degree in Physics from the University of Ibadan, equipping him to simplify complex data for a wide audience. Follow his work or connect on LinkedIn or X.

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