Aptos teams up with Trump-backed WLFI as APT price spikes| Credit: Hameem Sarwar
Share
Key Takeaways
APT jumped after Aptos announced its partnership with World Liberty Financial.
It broke out of a symmetrical triangle, with the AO and BBP flashing bullish signals.
Sustained demand could push APT to $8.25 or $9.61, driven by strong and stablecoin inflows.
APT, the native coin of layer-1 blockchain Aptos, has risen by 10% in the last 24 hours. This price increase follows the project’s confirmation that it has collaborated with World Liberty Financial (WLFI) to integrate the latter’s stablecoin, USD1.
From all indications, the development has triggered bullish momentum around the altcoin. But what does it mean for Aptos’s price going forward? Let’s find out.
New Partnership Fuels Aptos Surge
Last Friday, Aptos’ price dropped below the $4 psychological mark to $3.92. But as of this writing, the same altcoin has risen to $4.86.
According to the 4-hour chart, APT recorded a positive return during this period after breaking out of a symmetrical triangle.
Get These Top Crypto Casino Offers Now!
Sponsored
Disclosure
We sometimes use affiliate links in our content, when clicking on those we might receive a commission at no extra cost to you. By using this website you agree to our terms and conditions and privacy policy.
Additionally, the Awesome Oscillator (AO) has consistently produced green histogram bars, indicating that momentum has shifted bullish.
Apart from the technical outlook, Aptos’s announcement on Oct.1 also seemed to have contributed to the price surge.
Via its official X page, the Move-programming-based blockchain disclosed that it had partnered with Donald Trump’s World Liberty Financial to integrate USD1.
It noted that the stablecoin will be live on the Aptos blockchain by Oct. 6.
“USD1 will have day one support from across the Aptos ecosystem on Monday, October 6, including Aptos DeFi protocols,” It disclosed.
Due to this, APT might experience increased demand amid the current bullish sentiment. If sustained, this could drive the cryptocurrency’s value to retest the resistance at $5.14.
Alongside the Aptos price increase, its trading volume surged above $540 million. Should the volume continue to rise without any notable price pullback, APT could rise much higher than $5.14 in the near term.
APT Price Targets $8
The daily chart shows that the Aptos price has broken out of a long-term downtrend. Amidst that, the Bull Bear Power (BBP) is positive, flashing green histogram bars for the first time since September 20.
This rise in the BBP reading indicates buying pressure, possibly enough to restrain APT’s price from another correction.
If this trend holds, APT might breach the overhead resistance at $6.57. Once that happens, the altcoin’s next target could be around $8.25 at the 0.618 Fibonacci level.
However, this will depend on how well the USD1 integration affects Aptos and WLFI. If the blockchain experiences a significant inflow of stablecoins, this prediction may become a reality, with a chance of rising above $9.61.
Alternatively, a lack of notable inflow could cause selling pressure around the coin, which could cause the BBP reading to slide to the negative region.
If that were to happen, Aptos’ price might decline to $3.91.
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.
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.
