Aptos pours $50 million ecosystem fund, will it surge past $1?

▲ Aptos (APT) ©Go Da-sol

Aptos (APT) is firmly establishing the $1.00 mark, staging a four-day consecutive rally fueled by the news of an unprecedented $50 million ecosystem development fund. With a breakthrough of the long-term downtrend line and technical bullish signals, expectations for institutional-level infrastructure construction are strongly stimulating individual investors' buying sentiment.

According to investment media FXStreet on May 8 (local time), the Aptos Foundation and Aptos Labs announced on Friday that they would inject over $50 million into ecosystem development, including a strategic fund for AI and trading partners. Following this news, Aptos rose above $1.00, recovering its highest price level since late March.

This $50 million fund will be primarily used to strengthen its product lineup, research and development, and expand protocol infrastructure. In particular, it emphasizes institutional-grade execution and the construction of autonomous solutions. Aptos plans to sequentially introduce features such as encrypted mempool construction, improved institutional connectivity through multi-leader consensus, and privacy-centric perpetual trading functions that maximize performance through token burning and staking.

Expectations for ecosystem expansion are directly leading to a surge in the derivatives market. According to CoinGlass data, Aptos futures' open interest increased by over 2% in the last 24 hours, reaching $110.24 million. This indicates a noticeable increase in active positions and leverage exposure. At the same time, the open interest-weighted funding rate recorded 0.0029%, clearly showing a bullish sentiment among traders willing to pay a premium to take long positions.

Technical trends also support the short-term rally. Currently trading around $1.0430, Aptos broke through the downtrend resistance line of $0.9850 and is receiving stable support above the 50-day exponential moving average (EMA) of $0.9746. The daily chart's Relative Strength Index (RSI) is rising towards the overbought zone at 63, and the Moving Average Convergence Divergence (MACD) also suggests that buying pressure is gradually strengthening above the signal line.

Experts predicted that in the event of further upside, the March 24 high of $1.1250 and the 100-day EMA of $1.1360 would serve as the primary resistance levels. Surpassing these could target the February 1 high of $1.3020, which could break the broader bearish structure. Conversely, on the downside, $0.9850 and the 50-day EMA of $0.9750 are key defense lines, and a breakdown of this area could lead to a deeper correction towards previous lows.

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