Aptos’ APT Climbs 7% on Strong Volume, Sets New Support Levels
Aptos’ APT token surged 7% over the last 24 hours, rising from $4.34 to $4.62 as bullish momentum built, according to CoinDesk Research’s latest technical analysis.
The most notable price movement occurred overnight and early morning on August 8, driven by a trading volume spike exceeding 12.9 million tokens. This activity pushed APT through several resistance barriers and established a solid support range between $4.61 and $4.66. Resistance is now confirmed at $4.72, where upward momentum faced selling pressure.
Throughout the day, APT traded within a $0.44 range, roughly 9.4%, hitting a high of $4.72. Institutional buying was prominent near the $4.36 level, while a late-session volume surge of over 126,000 tokens suggested some profit-taking by large holders.
Technical patterns showing ascending lows point to continued bullish pressure, with potential targets in the $4.80 to $4.90 range based on Fibonacci retracement levels.
APT’s rally came amid a broader market upswing, as the CoinDesk 20 Index rose 3.2% over the same period.
Beyond price gains, Aptos has overtaken Solana and Stellar in the real-world asset (RWA) tokenization space, ranking third globally with over $719 million in total value locked.
As of the latest trading session, APT was steady around $4.62, maintaining its 7% gain over the past day.
