Aptos falls nearly 10% as surge in network activity fails to stem selling pressure

Traders Union
All News
Crypto
Aptos drops 9.86% today to $0.7703

Highlights

Aptos network's total value locked surged to $1.89 billion in two weeks, indicating strong growth in usage and capital flows from other chains.
The chain added native support for Tether's USDT and upgraded to mainnet node software v1.49.1 to enhance stability and performance.
APT/USD trades above key moving averages with mixed momentum and oscillators, with a projected five-day range of $0.6386 to $1.02 and resistance at $0.8584.

Transaction surge and USDT rollout contrast with continued selling pressure

Aptos recorded a large increase in daily transactions and capital inflows from blockchains such as Bitcoin, Ethereum, and Solana. The network's total value locked rose sharply to $1.89 billion in two weeks, reflecting expanded usage and demand. Native support for Tether's USDT stablecoin was added, and mainnet node software v1.49.1 was released to improve network stability and performance, though price action has remained under broader selling pressure.

Anton Kharitonov, expert at Traders Union, sees Aptos’s steep 9.86% drop as a warning sign despite notable inflows and transaction growth. He notes that the bullish price placement above major moving averages masks the persistent, bearish long-term trend. Kharitonov is concerned about conflicting technical signals, such as a 'Strong Sell' reading on the Stochastic RSI and an 'Overbought' CCI, which flash risk of a deeper correction. He highlights that reliance on inflow-driven optimism is dangerous when broader market pressure dominates price action. "Any rebound above $0.8584 must be viewed skeptically — overbought momentum and inconclusive oscillators make current levels vulnerable to sharp pullbacks."

Viktoras Karapetjanc, expert at Traders Union, remains optimistic about Aptos after significant growth in network activity and capital inflows. He believes the addition of Tether’s USDT and rapid TVL expansion show that user trust and ecosystem demand are rising fast. Karapetjanc sees the bullish intraday structure and positive momentum as signals for further recovery. "With fundamentals improving and buyer strength dominant, I expect Aptos to target new local highs if $0.8584 breaks — further growth is well within reach."

Jainam Mehta, market strategist, points out that Aptos sits above key moving averages but faces mixed momentum. He notes that oscillators signal both upside potential and overbought risk, making tactical trading important here. Mehta suggests that a clean break above $0.8584 could ignite a breakout trade, while a close below $0.7637 is a trigger for downside caution. "I’d watch for a volatility-driven squeeze — tactical entries favor quick profit-taking until trend clarity emerges."

Bullish momentum moderates as mixed signals flag overbought risk

APT/USD trades above its 20-day, 50-day, and 200-day moving averages at $0.6516, $0.6035, and $0.7637, respectively, indicating strength across short, medium, and long-term trends. The near-term floor sits at $0.7637 (MA-200), while resistance is marked by the recent week high at $0.8584. The broader trend retains a bearish long-term tilt based on MA-50 versus MA-200 alignment. Momentum readings are generally positive, with the MACD and ADX favoring further upside. RSI is at 63, which suggests a 'Buy' bias, though the CCI reveals an 'Overbought' condition and the Stochastic RSI signals 'Strong Sell.' Bull/Bear Power is positive, confirming buyers dominate intraday moves, and the Awesome Oscillator also supports buying momentum. After an opening gap lower of about 11.7%, the price trades near the top of today's intraday range, with volatility at 1.38%. Momentum and oscillators are mixed, flagging overbought risk even as trend indicators remain constructive.

Earlier, analysts noted that Aptos maintained strong technical momentum despite warning of overbought conditions. The current analysis highlights a mixed momentum backdrop with elevated volatility, pointing to $0.8584 resistance and $0.7637 support as key levels to monitor for the next directional move in APT.

Source of Data: APT Price Analysis by TU

The analysis is based on a proprietary model combining technical, on-chain, and expert data. Not investment advice. See methodology

This material may contain third-party opinions, none of the data and information on this webpage constitutes investment advice according to our Disclaimer. While we adhere to strict Editorial Integrity, this post may contain references to products from our partners.