Prices for Aptos continue to rise, currently at $4.85, reflecting improvements in the network and positive changes in market sentiment.
Increased Volumes and Market Recovery
Aptos has shown a rise of approximately 10% over the last 24 hours. According to DeFiLlama data, the trading volume on decentralized exchanges for Aptos has significantly increased from $690 million in January to $3.46 billion by the end of June. The total stablecoin market capitalization on the platform has also doubled, reaching over $1.4 billion.
Aptos Ecosystem Developments
Recent events in the Aptos ecosystem have also contributed to improving market sentiment. On June 24th, Aptos Labs and Jump Crypto launched Shelby, a decentralized solution for high-frequency web3 use cases. Additionally, the $10 million Ankaa Fund, backed by Aptos and OKX Ventures, has announced plans to support Move-based projects in DeFi, wallets, and gaming.
Technical Analysis of Aptos Price
From a technical perspective, Aptos is attempting to break through recent resistance levels. The price has pushed above the upper Bollinger Band, and the MACD is signaling a buy. Short-term holders are also observing that the price is above the 10-, 20-, and 30-day moving averages. However, the longer 50-day averages remain as resistance.
The growth and stability of Aptos indicate a recovery of interest in the platform, alongside positive changes in the network and ecosystem, which may pave the way for further price increases.
