Key Insights:
- APT rose by 7% with notable bullish momentum.
- The increase transpired along a surge in overall crypto market activity.
Aptos’ APT token noted a 7% rise over the past 24 hours, climbing from $4.34 to $4.62, as per CoinDesk Research’s analysis.
The analysis indicated that APT showcased solid bullish trends within the last day. Meanwhile, substantial trading volumes surged over 12.9 million units, especially notable during the night leading into August 8. This surge helped the asset surpass its resistance thresholds, with robust support now established between $4.61 and $4.66, while resistance has shown at $4.72.
Aptos has moved ahead of competitors like Solana and Stellar in the realm of real-world asset tokenization, currently ranking third worldwide with over $719 million in total value locked in RWAs.
The rally coincided with an uptick in the broader crypto market, where the CoinDesk 20 benchmark reported a 3.2% increase recently.
Technical Overview:
- Price Range: $0.44 within a 9.4% fluctuation, peaking at $4.72.
- Volume: Exceeding 12.9 million during late hours on August 8.
- Established Support: Between $4.61 and $4.66, with significant accumulation appearing around $4.36.
- Resistance: Confirmed at $4.72 with notable rejections on high volume.
- Price Projections: Suggestive upward pressure towards $4.80 - $4.90.
Disclaimer: Portions of this article were generated utilizing AI tools and subsequently reviewed by our editorial team to ensure factual consistency and adherence to our standards.
