Cryptocurrency world’s shining star Aptos (L1) Blockchain platform entered an exciting uptrend with its APT token. In the last 24 hours, APT gained notable momentum with a 12% price increase. Today, APT’s price showcased a performance close to its all-time highs, exceeding $19.
Will Aptos Continue Its Uptrend?
This uptrend continues despite recent corrections in the cryptocurrency market. Since the beginning of March, the APT token has drawn an impressive growth chart, recording an increase of over 94%. This has increased Aptos’ recognition in the crypto world, propelling it to the 23rd position among the largest cryptocurrencies by market value. Currently, APT holds a market value of $7.3 billion, a significant rise from its $4 billion value at the beginning of the month.
In the last 24 hours, APT’s trading volume significantly increased, reaching $542,531,437, showing a 90.70% rise compared to the previous day.
Looking at the daily APT/USD chart, there is no apparent resistance level. This indicates that reaching a $20 milestone for APT is possible, pointing to all-time high levels for the token.
If Selling Pressure Emerges
However, the sustainability of the uptrend and investors’ ability to protect their gains will play a key role in determining future performance. Also, in the event of profit-taking and selling pressure, it’s important not to overlook the next significant support level at $17.36.
If the $17.36 support level does not hold, the next important support level appears at $16.31. However, it’s worth noting that APT’s uptrend continues as long as the $12.14 support level is not breached, and the bulls maintain their dominance. Moreover, the uptrend is expected to persist unless there is a sharp drop of 30%.
11 Million People Became APT Owners in 30 Days
According to Token Terminal’s data, Aptos’ ownership increased by 3.4%, reaching 11.79 million people, gaining notable momentum.
Aptos’ rise not only pleased its owners but also saw a significant increase in generated fees. In the last 30 days, fees exceeded $209,160, representing a growth of 87.8%. Annualized fees also saw a slight increase, reaching $2.54 million. These figures reflect Aptos’ solid and stable growth trend.
However, Aptos’ victory is not limited to these achievements. Looking at a broader timeframe, the token’s trading volume also experienced a notable expansion. In the last 30 days, the trading volume reached $10.82 billion, showing an impressive increase of 178.2%. This demonstrates that Aptos shines not only as a cryptocurrency but also as an active trading platform.
