Aptos Price Forecast: APT extends rebound from record low

• Aptos edges higher on Thursday, extending its recovery for the fifth consecutive day.
• Mild recovery in APT gains retail support with rising Open Interest and funding rates.
• The technical outlook is mixed, as APT nears the 50-day EMA at $0.6311, which is acting as immediate resistance.

Aptos (APT) is trading in the green on Thursday, extending its fifth consecutive day of recovery after hitting a record low of $0.5450 on Saturday. Retail demand is rising, as evidenced by increasing Open Interest and funding rates, aligning with the recent rebound. The technical outlook is mixed, as the short-term recovery remains capped below the 50-day Exponential Moving Average (EMA) at $0.6311.

Aptos regains retail strength

Aptos is gaining retail demand, supporting the mild recovery seen over the last five days after hitting its record low of $0.6311 on Saturday. CoinGlass data shows that APT futures Open Interest (OI) is up nearly 5% over the last 24 hours to $78.72 million, indicating an increase in the notional value of active perpetual contracts or a buildup in new positions. At the same time, funding rates have increased to 0.0073%, indicating a bullish bias among traders as trading activity rises, with volume up 98% to $111.55 million. 

Technical outlook: Will Aptos regain a bullish trend?

Aptos trades near $0.6000 at press time on Thursday, extending a mild recovery amid a broader bearish tone. APT trades below the day 50-day EMA at $0.6310 and the longer-term 200-day EMA at $1.1276.

From a technical perspective, the price remains below the downtrend resistance line at $0.6198, reinforcing the bearish bias despite some improving momentum. A decisive close above this trendline and the 50-day EMA at $0.6310 could reinstate an upward trend toward the overhead supply zone near $0.8000.

The Moving Average Convergence Divergence (MACD) has crossed above the signal line, while the Relative Strength Index (RSI) at 50 rebounds to the midline from the oversold boundary, suggesting neutral-to-slightly constructive momentum.

On the downside, the record low of $0.5450 and the $0.5000 psychological threshold emerge as potential support levels.

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