Aptos' APT Rises 7% as Bulls Take Control

Aptos' APT registered a 7% surge during the last 24 hours, advancing from $4.34 to $4.62, according to CoinDesk Research's technical analysis model.

The model showed that Aptos demonstrated considerable bullish momentum throughout the preceding 24-hour period.

The most significant price action materialised during the nocturnal hours extending into the early morning of August 8, wherein exceptional volume surges exceeding 12.9 million units propelled the asset through successive resistance levels, establishing fresh support foundations within the $4.61-$4.66 corridor, according to the model. Resistance has emerged at $4.72

Aptos has surpassed Solana and Stellar in real-world asset (RWA) tokenization, securing third position globally with more than $719 million in RWA total value locked.

The rally in APT came as the wider crypto market also rose, with the broader market gauge, the Coindesk 20, recently up 3.2%.

In recent trading, Aptos was 7% higher over 24 hours, trading around $4.62.

Technical Analysis:

• 24-hour price range of $0.44 encompassing a 9.4% range, with a high at $4.72.
• Volume surges exceeding 12.9 million units during nocturnal hours extending into early morning of Aug. 8.
• Support zone established at $4.61-$4.66 with robust institutional accumulation at $4.36.
• Resistance threshold confirmed at $4.72 with substantial volume-driven rejection pattern.
• Ascending trough formations suggest continued upward pressure towards $4.80-$4.90 Fibonacci levels.
• Terminal hour reversal with 126,000+ volume surge confirming institutional distribution activity.

Disclaimer: Parts of this article were generated with the assistance from AI tools and reviewed by our editorial team to ensure accuracy and adherence to our standards. For more information, see CoinDesk's full AI Policy.

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