Aptos’ APT Climbs 7% as Buyers Gain Momentum

Aptos’ APT recorded a 7% increase in the last 24 hours, rising from $4.34 to $4.62, based on RialCenter’s technical analysis model.

The model indicated strong bullish momentum for Aptos during the previous 24-hour period.

The most notable price movements occurred during the night into the early morning of August 8, where exceptional volume surges exceeding 12.9 million units pushed the asset through successive resistance levels, creating new support in the $4.61-$4.66 range, as per the model. Resistance has been identified at $4.72.

Aptos has outpaced Solana and Stellar in real-world asset (RWA) tokenization, achieving third place globally with over $719 million in total value locked.

The rise in APT coincided with an overall uptick in the crypto market, with the broader market gauge recently increasing by 3.2%.

In recent trading, Aptos was up 7% over 24 hours, trading around $4.62.
Technical Analysis:

• 24-hour price range of $0.44 with a 9.4% spread, peaking at $4.72.
• Volume surges over 12.9 million units during the night into the early morning of Aug. 8.
• A support zone established at $4.61-$4.66 with strong institutional accumulation at $4.36.
• Resistance level confirmed at $4.72 with a significant volume-driven rejection pattern.
• Ascending trough formations indicate ongoing upward pressure towards the $4.80-$4.90 Fibonacci levels.
• Final hour reversal with a volume surge exceeding 126,000 confirming institutional distribution activity.

Disclaimer: Parts of this article were generated with the assistance of AI tools and reviewed by our editorial team to ensure accuracy and adherence to our standards.