Aptos (APT) is experiencing a strong comeback — the token has surged nearly 10% in the last 24 hours, trading around $4.85 as bulls attempt to regain control after a prolonged consolidation period.
📈 On-chain Metrics Signal Strength
The recent price surge isn’t just market noise — key on-chain indicators suggest the network’s fundamentals are improving:
🔹 DEX trading volume on Aptos has skyrocketed — from $690 million in January to $2.9 billion in May, and already over $3.46 billion in June, with several days still to go.
🔹 Stablecoin market cap on the network more than doubled, from $650 million at the beginning of the year to over $1.4 billion.
🔹 TVL (total value locked) remains healthy — staying near $1 billion, even after a slight drop from May’s peak of $1.28 billion.
🔹 Weekly active addresses surged — from 644,000 in April to nearly 1 million in June, indicating growing user and developer engagement.
🚀 Ecosystem Updates Drive Momentum
Aptos Labs and Jump Crypto launched Shelby, a decentralized real-time data storage solution designed for Web3 high-frequency use cases like streaming and AI. In addition, the $10 million Ankaa fund, backed by Aptos and OKX Ventures, is set to support Move-based DeFi, wallet, and gaming projects.
Aptos also upgraded to a new Fungible Asset standard, enhancing token security and management. Recognition came from the Wyoming Stable Token Commission, which listed Aptos and Solana as leading networks in the WYST stablecoin initiative.
📊 Technical View: Bulls Gaining Ground
From a technical standpoint, Aptos is showing promising signals:
🔹 Price has broken above the upper Bollinger Band, often viewed as a bullish move when backed by sustained strength above the middle band.
🔹 MACD has flipped into a buy signal, while RSI sits at a neutral 52.78.
🔹 Short-term moving averages (10-, 20-, 30-day) are below the price, supporting the upward trend.
🔹 The 50-day moving average still acts as resistance.
If Aptos can hold above $4.60 and break past $5.00, it may push toward $5.20 or higher. However, if the current support fails, a retest of $4.50 or even $4.20 is possible, especially if broader market strength weakens.
Conclusion
Aptos is regaining momentum. With improving network metrics, rising user activity, and bullish ecosystem developments, the project appears well-positioned for a breakout. The next few days will be crucial to confirm this new uptrend.
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