In the last 24 hours, Aptos (APT) has experienced a notable price increase according to CoinDesk Research’s technical analysis model.
APT surged by 7%, rising from $4.34 to $4.62. This momentum was strongly supported by high trading volumes, particularly during nighttime and early morning hours.
Price Movements and Increased Trading Volume
According to the technical model, Aptos’ most active period occurred in early August, witnessing a volume increase exceeding 12.9 million units. This sudden rise allowed the asset to surpass a series of resistance levels and established new support zones at the $4.61-$4.66 range. A resistance level around $4.72 was identified at the reached level.
Aptos’ rise was not a phenomenon exclusive to its performance; the broader cryptocurrency market also exhibited an upward trend. The CoinDesk 20 index highlighted a 3.2% rise in the general crypto market, mirroring Aptos’ upward trajectory.
Technical Analysis and Trend Overview
In the last 24-hour period, APT’s price range was noted at $0.44, with a percentage fluctuation of 9.4%. Additionally, significant institutional buying was detected around the $4.36 mark. Technical indicators revealed a meaningful sell resistance at the $4.72 level, sparking buy-sell movements triggered by trading volume.
Observed rising trough formations on the price graph indicated ongoing upward price pressure. Based on Fibonacci analyses, if the upward pressure persists, prices may approach the $4.80-$4.90 range. Moreover, transactions exceeding a volume of 126,000 in the last hours of the day were interpreted as signs of institutional distribution activities.
Global Ranking in RWA Tokenization
Aptos also achieved significant success in RWA tokenization, which means the digitalization of real-world assets. With a total value locked exceeding $719 million, Aptos surpassed Solana 
$ 181 and Stellar, elevating to the third position globally. This development underscored the platform’s strengthened position within the sector.
The rise in Aptos’ price, influenced by the market upswing, is thought to reflect the general upliftment occurring in the cryptocurrency sector. However, experts continue to closely monitor technical indicators and trading volume analyses.
CoinDesk Research’s technical analysis model indicates: “Aptos has demonstrated a remarkable upward momentum over the last 24 hours.” Analysts note that the existing technical data and increased trading volume are impactful on price movements, warning that sharp market fluctuations can still occur. Consequently, investors remain cautious in their actions.
