Big day for crypto, bigger day for Aptos. The House just passed the GENIUS Act—and with the President’s signature tomorrow, will become officially the law of the land. This marks the biggest legislative win for the digital asset industry ever. Aptos was built for this moment.
Trading Secrets
23-07-2025 14:23
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Aptos price prediction: APT eyes breakout as open interest spikes
Aptos (APT) price is up 2% in the past 24 hours, notably small gains compared to the likes of Bonk and BNB.
However, the layer-1 blockchain’s native token APT is showing signs of a potential price breakout as open interest surges.
Also crucial is the overall crypto market outlook that supports an altcoin rally.
Aptos price eyes bullish momentum amid Open Interest spike
Data from Coinglass shows the open interest in Aptos has jumped 4.85% to over $375 million in the past 24 hours.
This uptick in OI comes amid a dip in daily trading volume to suggest heightened speculation on the APT price in the derivatives market.
Notable for Aptos is that the gains come as the overall market outlook remains bullish as altcoins rally.
Capital rotation in the market after Bitcoin’s recent surge to a new all-time high above $123k has most top altcoins in a bullish mode.
What’s the price outlook for Aptos?
Aptos, a key blockchain network in the stablecoin space, has looked to rally in the weeks that had US lawmakers passed the GENIUS Act.
On July 18, 2025, the landmark crypto legislation that provides a federal framework for stablecoins got the presidential assent from President Donald Trump.
Market players say the regulatory milestone, plus other catalysts, could boost Aptos’ adoption.
In this case, increased open interest, which helps measure the outlook on active derivative contracts, suggests bets are in for a new rally.
It could mean Aptos’ current price range of $5.19 low and high of $5.64 might be a buy opportunity.
Technical indicators suggest Aptos could target $8.4-$10.2 range in the short term if it breaks above $5.50.
Currently, APT price hovers near $5.40 to see bulls eye the aforementioned as both a resistance and key support level.
As price changes hands at this critical hurdle, technical indicators on the daily chart give buyers an advantage.
The RSI and MACD show bullish bias, with RSI below the overbought territory and the MACD indicator sporting a bullish crossover.
Meanwhile, price trends near the upper barrier of a falling channel, an area that suggests a breakout could follow a rally to key supply wall levels.
However, a flipside action beneath the channel resistance could welcome bears back into the picture.
Analysts warn that calls for altcoin season may see an injection of volatility.
“When the crowd begins to perpetuate that we are in “altseason”, beware of some upcoming volatility. Crypto prices historically move up most prominently during periods of crowd disbelief,” analysts at Santiment wrote on X.
Support in this case may be around $5.00 and $4.30.
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23-07-2025 14:23
