The cryptocurrency Aptos (APT) has recorded a significant 7% rise in the past 24 hours, increasing from $4.34 to $4.62. This event was triggered by a boost in trading volumes, particularly during the night and early morning hours.
What Caused the Rise in Trading Volume?
Early August marked a crucial time for Aptos, as it witnessed unprecedented trading activity, surpassing 12.9 million units. This surge helped breach several resistance levels and establish new support zones between $4.61 and $4.66. Consequently, a new resistance mark was identified at approximately $4.72.
How Do Technical Indicators Explain Aptos’ Trends?
The price fluctuation of APT hit 9.4% within the past day, operating within a $0.44 range. Notably, major institutional purchases were detected near the $4.36 price point. Analysts observed significant resistance to selling at $4.72, prompting a series of trading activities as volumes increased. Signs of a continued bullish push have emerged from the formation of rising trough patterns in APT’s price history.
What Is Aptos’ Role in RWA Tokenization?
Aptos has made notable strides in the tokenization of real-world assets (RWA), now holding over $719 million in total locked value. This achievement has propelled it past competitors like Solana and Stellar, securing the third spot globally. The spike in Aptos’ value aligns with the broader market’s positive momentum.
Aptos demonstrates significant achievements in the crypto market and rising trading volumes. Market observers caution against sudden swings, emphasizing the need for a cautious approach from investors.
