The Aptos (APT) crypto ecosystem has recorded a $ 1,219 billion Total Value Locked (TVL) value growth. Best_analysts of Analyst states that bulls may reverse the APT/USDT in a descending channel with support at $12.77.
The Total Value Locked (TVL) on the Aptos blockchain has reached an all-time high of $1.219 billion, marking a sharp upward trajectory. This expansion follows a year of no activity in 2023, where the TVL remained inactive.
Nevertheless, the ecosystem experienced significant inflows earlier this year in 2024, and showed significant increase in liquidity and use. Aptos is growing by building a strong DeFi system, boosting the use of stablecoins, and increasing trading activity.
The market cap of stablecoins on Aptos is now equal to $614.44 million, and the 24-hour trading volume has increased to $46.5 million. These metrics show that the users are active and confident with the blockchain and have high interaction rates with the application.
Following analyst best_analysts chart, it can be seen that APT/USDT is in a descending channel and thus in the short term the direction is Bearish.
The price recently dipped to the support level of the $12.50-$12.77 range, where buyers were able to step in and buoy the price against further decline. This level is important because it shows a possible reversal if buyers keep pushing the price up.
The analyst highlights a possible breakout from the descending channel, which would signal a bullish reversal.
A clear entry point for traders is identified at $12.77, with specific upside targets outlined. The first level to watch is $13.06, which acts as a breakout point and resistance. If the price moves above this level, it shows growing buying strength and could lead to more gains.
If the price sustains above $13.06, the next resistance zone lies between $13.67 and $13.76, where momentum will face a significant test. This mid-level resistance will be an important hurdle for APT to overcome in its attempt to solidify a bullish trend.
A successful move beyond this range would signal strong buying activity and set the stage for further upward movement.
The last target set by the analyst is $14.46 which could be achieved if the upward trend is going to be more aggressive. At this level the traders are looking at patterns that may indicate consolidation or new trends depending on the overall market course.
The Relative Strength Index (RSI) has averages at 49.21, which makes the momentum neutral after being overbought with a value of roughly 70. This points to the possibility that the price may be gearing up to climb higher if the buying momentum returns.
At the moment, APT has been found trading slightly above the crossing of the 49-day Moving Average (MA) which has been recognized as support at $12.25, for a while now.
Another Golden Cross was identified in September when the 13-day SMA crossed above the 49-day SMA, indicating a generally bullish outlook. Despite the price pullback from the $13.34 resistance recently, the upward trending moving average gives a bullish long-term outlook.
The first resistance is at $13.34. If the price moves clearly above this level, it could bring strong buying and push it toward $15.00. However, if the price fails to stay above the $12.25 support, it might drop further to $10.00 or even $6.62.
The Aptos ecosystem’s growing Total Value Locked (TVL) reflects increasing adoption, liquidity, and user confidence.
Combined with strong technical signals, analysts like best_analysts predict a potential bullish reversal for APT. The suggested entry point at $12.77 and upside targets at $13.06, $13.76, and $14.46 offer traders a strategic outlook.
Meanwhile, fundamental factors such as rising stablecoin adoption, trading volume growth, and infrastructure improvements are driving Aptos’ ecosystem expansion. The blockchain’s ability to sustain its upward trajectory will be critical in supporting further price gains and maintaining investor confidence.
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