Here’s why Aptos is surging

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Aptos Surges 18.43% Today

Highlights

World Liberty Financial launched the fully collateralized USD1 stablecoin and BUIDL, backed by U.S. Treasuries and cash, on Aptos in late 2024.
Monthly active addresses on the Aptos blockchain more than doubled, surpassing 1.7 million and indicating significantly heightened network activity.
Stablecoin transfer volume on Aptos reached $62.73 billion in October, evidencing accelerating adoption and strong scalability within the ecosystem.

Network growth and stablecoin launches drive activity surge

The Aptos blockchain ecosystem saw notable expansion with the launches of World Liberty Financial’s fully collateralized USD1 stablecoin and BUIDL, a stablecoin backed by U.S. Treasuries and cash, both debuting on Aptos in late 2024. Monthly active addresses more than doubled to over 1.7 million, reflecting increased network activity. Stablecoin transfer volume on the chain closed October at $62.73 billion, underpinning growing adoption and scalability.

Anton Kharitonov, expert at Traders Union, sees persistent technical and sentiment weakness in Aptos. He highlights that APT is trading below all major moving averages and momentum readings remain firmly bearish. Despite notable growth in network adoption and stablecoin volumes, he remains wary given the pronounced oversold conditions and the market's failure to drive a sustained reversal. He is skeptical that recent positive news has produced any lasting impact, as selling pressure dominates and downside risks prevail. In his view, "Traders should stay defensive — there is little evidence of a true bottom or lasting recovery for APT at current levels."

Viktoras Karapetjanc, expert at Traders Union, believes Aptos’s ecosystem upgrades and surging user activity are laying a strong foundation for future growth. The debut of new stablecoins and the sharp rise in active addresses confirm robust demand and increased utility for the Aptos network. Karapetjanc views current underperformance as a consolidation phase within a larger bullish structure, noting that adoption trends are likely to drive renewed upside when technical momentum improves. He states, "I expect further network traction to support price recovery — this market offers significant opportunities for forward-looking investors."

Jainam Mehta, market strategist, assesses Aptos through both macro and technical lenses. He notes ongoing price volatility against a backdrop of impressive growth in user activity and stablecoin transfers. Despite weak daily momentum, Mehta sees potential for contrarian tactical setups if support holds near $2.74. He advises, "A clear break above resistance could shift sentiment quickly, so aggressive traders might watch for a breakout play above $3.21."

Bearish momentum persists as oversold signals face volatile session

Momentum readings remain weak on the daily chart, with MACD and ADX both signaling a bearish environment. The RSI at 33 and CCI at -172 point to persistent oversold conditions, while Stoch RSI is neutral. BBP remains negative, confirming that sellers still dominate intraday sessions despite the recovery attempt. The Awesome Oscillator is also negative, aligning with the broader downtrend. APT surged 18.43% higher today to $3.104, opening at $2.74 after a moderate gap up from the previous close of $2.621. The current price sits near today’s high in a highly volatile session, with most action concentrated toward session highs, suggesting persistent buyers but unresolved divergence with weaker daily momentum.

Previously it was noted that Aptos announced a partnership to integrate the USD1 stablecoin as part of broader DeFi initiatives. Last time we reported that market momentum increased as traders anticipated the upcoming launches of the Decibel DEX and the decentralized storage system Shelby.

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

The information is based on forecasts and does not constitute investment advice or a guarantee of future results. Market conditions may change. See our Disclaimer and Editorial Integrity for details.