
APT Surges 7% as Aptos Breaks Resistance on Heavy Volume; New Support Zone Emerges
Aptos’ native token, APT, rallied 7% over the past 24 hours, climbing from $4.34 to $4.62 as bullish sentiment gripped the market, according to CoinDesk Research’s technical model.
The bulk of the upside move occurred overnight into the early hours of August 8, with volume exceeding 12.9 million units. This surge powered APT through multiple resistance levels, establishing a solid support range between $4.61 and $4.66. Technical resistance has formed at $4.72, where selling pressure capped further gains.
The 24-hour trading window saw a range of $0.44 — equivalent to a 9.4% swing — with a session high at $4.72. Institutional buying was previously recorded at $4.36, while the final hour of trading showed a 126,000+ volume spike, potentially signaling early distribution after the rally.
Chart patterns suggest a bullish continuation, with ascending troughs pointing toward a possible extension to the $4.80–$4.90 Fibonacci levels.
APT’s gains came alongside a broader market recovery, as the CoinDesk 20 Index posted a 3.2% gain during the same period.
In addition to the technical strength, Aptos has now surpassed Solana and Stellar in real-world asset (RWA) tokenization, ranking third globally with more than $719 million in total value locked in RWAs.
At last check, APT was trading near $4.62, maintaining its 7% advance on the day.
More Stories
XLM Maintains Support Levels While Payment-Sector Rivalry Escalates
Crypto Analysts Stay Optimistic on Bitcoin Amid Rate-Cut Expectations and Stagflation Risks
DOGE Climbs 6% Ahead of Expected ETF Debut