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APT Price Stuck in Consolidation: Could Increasing TVL Be the Key?

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by A1

2 months ago


  1. Current APT Price Situation
  2. APT Price Forecast
  3. Aptos Total Value Locked Growth

  4. Aptos (APT) price remains within a narrow range despite ecosystem developments, which fuel optimism among investors.

    Current APT Price Situation

    Aptos (APT) price struggles to break above critical resistance, remaining in a narrow band. Over the last two months, the APT price met resistance around $7.50 and found support around $5, creating the altcoin’s consolidation range. As of the time of writing, Aptos price traded at $6.12, showing a decline of 0.12% over the past 24 hours.

    APT Price Forecast

    Facing resistance at $7, Aptos price could see a breakout in the upcoming sessions if it manages to surpass this level. Some analysts and traders, like @WhalesCryptox, see the APT price as being at a potential bottom despite recent challenges:

    Aptos Total Value Locked Growth

    Since the beginning of 2024, Aptos’s total value locked (TVL) continues to rise, reaching $436.77 million at the time of writing. A growing TVL indicates increasing interest in the project, acting in favor of APT bulls. Breaking above the $7 resistance could push APT prices to $8 and $8.50.

    Despite current struggles and consolidation, the growing TVL of the Aptos project could be a key factor for a future price breakout of the token.

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