Aptos (APT) is doing well in crypto today; it’s one of the best performers on the market. The price is up about 8% since yesterday, and more people are trading it – almost twice as many as usual. Traders seem pretty interested in APT right now.

Prominent analyst Adam Horton mentioned on X (formerly Twitter) that one major reason Aptos’s price is up is the launch of the Emojicoin platform, which has contributed to this momentum.

This platform allows users to launch and trade digital assets with emoji symbols, adding an extra layer of accessibility and creativity to the meme coin space. However, those interested in launching an Emojicoin would have to spend 1 APT (around $12.88 as of press time) plus 1 APT as a “refundable deposit.” 

According to Horton, the Emojicoin platform has drawn increased attention to Aptos, boosting its demand and price trajectory. His tweet further noted that Aptos’ price had consolidated around the $11 range for 10 days before embarking on its current upward trend.

The Emojicoin launch coincides with increased trading activity, with volume rising sharply. This aligns with technical indicators on the chart, which suggest that the token has broken above a critical resistance level of $11, confirming a bullish breakout.

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APT’s chart reveals a clear bullish breakout from a descending trendline that had previously capped its upward potential. After consolidating near $11, the token surged past this level, supported by strong buying volume. The next resistance zones to watch are  $16-$17 and $17-$20, with further potential to reach its previous high of $23-$25.

Key support is observed at the $11 level, which now serves as a critical base for potential price retracements. Historical support in the $6-$7 range adds further strength to Aptos’s long-term outlook.

Adam Horton’s APT price target of $17-$20 aligns with the chart’s technical projections. His analysis emphasizes the bullish sentiment surrounding Aptos as it climbs toward these levels. The surge in trading volume and investor interest reflects broader market optimism following the Emojicoin platform’s debut.

As Aptos continues to gain traction, the combination of strong technical patterns, high trading activity, and positive market sentiment underscores its current momentum. Traders will closely monitor whether APT’s price can sustain its upward trajectory and achieve its projected targets.

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The post Why is Aptos (APT) Price Pumping? appeared first on CaptainAltcoin.

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