Aptos (APT) Primed for 35% Surge Following Bitwise ETF Filing

Aptos (APT) appears poised for a major breakout. Its price action forms a bullish double-bottom pattern on the daily chart, suggesting a potential 35% rally toward $8.39. The upside outlook coincides with positive fundamental developments, including Bitwise’s ETF filing and rising on-chain activity, reinforcing a bullish outlook.

Aptos (APT) Technical Analysis: Double Bottom Confirms Potential Upside

APT/USDT has been consolidating around the $5.05 support level, forming a classic double-bottom reversal pattern, a structure often preceding bullish breakouts. The pattern’s neckline resistance sits around $6.50, which APT recently tested but has yet to breach decisively.

A confirmed breakout above $6.50, backed by strong volume, could propel APT 35% higher to $8.39, aligning with the pattern’s measured move projection.

Further reinforcing the bullish thesis:

• 50-day Exponential Moving Average (EMA) at $6.87 is within reach, acting as an immediate resistance level.
• 200-day EMA at $8.46 aligns closely with the projected price target, suggesting a technical confluence.
• Relative Strength Index (RSI) at 49.48 shows neutral momentum, leaving room for upside expansion before hitting overbought conditions.

Conversely, a pullback from the neckline resistance risks invalidating the double bottom scenario, instead sending the APT price toward the $5 base target.

Bitwise’s Aptos ETF Filing Support Bullish Outlook

The bullish sentiment around Aptos intensified following Bitwise’s filing of an S-1 registration with the SEC for an Aptos ETF.

The proposed ETF would track APT’s price performance, making it one of the first investment products tied to the Aptos blockchain. The next step involves a 19b-4 filing, which, if approved, would enable the ETF’s launch.

Bitwise has filed an S-1 registration statement for the Bitwise Aptos ETF. Previously, the Bitwise Aptos ETF was registered in the state of Delaware, USA. https://t.co/gC2jraOBSi

— Wu Blockchain (@WuBlockchain) March 5, 2025

The market responded positively, with APT surging 18% to $6.48 immediately after the filing. Historically, crypto ETF announcements—such as those for Bitcoin and Ethereum—have triggered speculative buying, and a similar reaction could unfold for Aptos.

Aptos On-Chain Activity Shows Active Users and Token Holders Surge

Aptos has witnessed significant growth in its user base, reflecting increased adoption:

• Active Monthly Users: 15.6 million (up from ~5M in early 2024)

• Total Token Holders: 37.3 million (steadily rising throughout 2024 and early 2025)

This rising network participation suggests growing demand for Aptos’s blockchain applications. As more users interact with the network, transaction fees and demand for APT tokens rise, bolstering long-term price appreciation.

Institutional and DeFi Expansion on Aptos

Institutional players have been expanding their presence on Aptos.

Note that:

• BlackRock integrated Aptos into its USD Institutional Digital Liquidity Fund (BUIDL) in November, alongside four other chains.
• Propbase, a real estate tokenization platform, saw its first offering sell out in July.
• Echo Protocol was launched in August, which brings Bitcoin liquidity to Aptos.
• USDT went live with a native contract in October, followed by USDC’s native contract announcement in November.

These integrations enhance Aptos’s appeal as a scalable Layer 1 blockchain, increasing its liquidity, adoption, and institutional credibility.