according to the materials of the portal - By BH NEWS
The cryptocurrency Aptos (APT) has unexpectedly surged sharply. In the last 24 hours, the price of APT increased from $4.34 to $4.62, rising by 7%. This growth was primarily driven by a sharp increase in trading volumes, especially during quiet night and early morning hours, as confirmed by technical analysis from CoinDesk Research.
The beginning of August proved to be a turning point for Aptos: there was an unprecedented increase in trading activity, exceeding 12.9 million units. This surge helped to overcome numerous resistance levels and create new support zones in the range of $4.61 to $4.66. As a result, a new resistance level was recorded at around $4.72.
Notably, Aptos is not alone in its growth. The cryptocurrency market as a whole has been moving along a similar trajectory, as evidenced by a 3.2% increase in the CoinDesk 20 index, which further reflects the rise of Aptos.
The price fluctuation of APT over the last day was 9.4%, oscillating within a range of $0.44. Notably, significant institutional purchases were recorded near the $4.36 mark. Analysts noted considerable selling resistance at the $4.72 level, which provoked a series of trading operations as volumes increased.
Signs of an ongoing bullish trend have manifested in the formation of higher lows in the price history of APT. If this pressure persists, Fibonacci forecasts suggest that the price of the cryptocurrency could rise to the range of $4.80–$4.90. Institutional distribution appears to be active, with the transaction volume at the end of the hour exceeding 126,000.
Aptos has achieved significant success in the tokenization of real-world assets (RWA), the total value of which currently exceeds $719 million. This achievement allowed the company to surpass competitors like Solana and Stellar, securing third place globally. Such progress strengthens Aptos's position in the tokenization sector.
The sharp rise in the value of Aptos coincides with the positive dynamics of the market as a whole, reinforcing the ongoing upward trend in the cryptocurrency space. However, market analysts are monitoring trading volumes and technical indicators for upcoming changes.
Market analysts warn that while current data and increased trading volumes may influence price dynamics, sharp market fluctuations remain possible, urging investors to participate cautiously in trading.
