Aptos’ APT Advances 7% Amid Strong Volume and Key Support Formation
Aptos’ APT token surged 7% in the last 24 hours, rising from $4.34 to $4.62 as bullish momentum intensified, according to CoinDesk Research’s technical analysis.
The most significant price gains happened overnight into early August 8, driven by a volume spike exceeding 12.9 million tokens. This buying pressure pushed APT through several resistance points, creating a new support range between $4.61 and $4.66. Resistance has now been established at $4.72, capping further upward movement for the moment.
Over the 24-hour period, APT traded within a $0.44 range — about 9.4% — with a peak at $4.72. Institutional accumulation was noted near $4.36, while a late-session surge of over 126,000 tokens in volume suggested some profit-taking.
Technical indicators show ascending lows, which typically indicate sustained bullish interest and potential moves toward the $4.80 to $4.90 Fibonacci levels.
This rally occurred alongside a broader market upswing, with the CoinDesk 20 Index rising 3.2% in the same timeframe.
Beyond price action, Aptos has outperformed Solana and Stellar in real-world asset (RWA) tokenization, ranking third worldwide with more than $719 million in total value locked.
As of the latest trading session, APT held steady around $4.62, maintaining its 7% daily gains.
