- Aptos Price has surged by over 5%, soaring above $0.99 with a market capitalization of $774.96 million
- The bullish momentum was witnessed following the rally in Bitcoin (BTC) price on Trump’s remark over the U.S.-Iran war, potentially giving a sign of de-escalation
- Technical indicators, like RSI and MACD, are suggesting a neutral state with a slightly bullish momentum on the chart
Amid bullish momentum in the crypto market on Monday, Aptos (APT) price soared by over 5%, surging from $0.93 to $0.99.
This spike in cryptocurrency comes amid the signs of de-escalation in the ongoing war between the U.S., Israel, and Iran. On March 23, U.S. President Donald Trump shared a major statement regarding the war.
Aptos (APT) Surges Close to $1.00 with Bullish Momentum
During the press conference, Trump mentioned the progress in the diplomatic dialogues, stating that Iran has agreed it would “never have a nuclear weapon” and that both sides are continuously working in a positive direction. He stated that the U.S.’s main demand is that Iran must not possess nuclear weapons under any condition.
Trump mentioned that there are already “major points of agreement,” including no more wars and no clear weapons for Iran. He said that the discussion was “very strong” and noted that Iran “want very much to make a deal,” with Iran reaching out first to avoid strikes on its energy sites.
Trump also shared a post on Truth Social about “very good and productive conversation” with Iran over the last 2 days, which is expected to bring “complete and total resolution of our hostilities in the Middle East.”
He also ordered the Department of Defense to postpone any military strikes against Iranian power plants and energy infrastructure for 5 days. These moves come after his earlier 48-hour ultimatum to reopen the Strait of Hormuz and after he de-escalated immediate threats.
The cryptocurrency is trading at around $0.9763 with over 5% jump on a daily chart. It holds a market capitalization of around $774.96 million, and its daily trading volumes revolve around $120.73 million, according to CoinMarketCap. The token hit a 24-hour high of around $1.01 and a low of $0.92 after recovering from recent major support levels.
This upward momentum was seen in the Aptos price following a bullish trend in Bitcoin and other altcoins on Trump’s announcements. According to experts, these upward trends come from a reduced Middle East tension after Trump’s statement on Iran peace talks. His statement has eased global risk fears and sparked a bullish cycle in the crypto market.
On the technical side, the price is testing its 30-day simple moving average around $0.94. Its daily Relative Strength Index is revolving around 53, which is showing the rally is cooling after a quick 7% relief surge. Its RSI shows a slight bullish momentum with a neutral trend.
At present, it is holding a major support at $0.91, and if it holds the state above that level, there might be space for more bullish momentum. A popular chart view today notes a high-beta retracement but also highlights strong Fibonacci support to avoid sharp drops toward the 200-day average.
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