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- The Aptos token’s supply inflation was extremely high, resulting in 92.86%.
- The stablecoins market cap of the APT token advanced to $168.94M.
Aptos token had 6.37M holders, and the top 10 holders held 9.68% of the total supply. Additionally, the total value locked for the token was $378.73M, which slightly declined from its peak of $422.34M.
The security score of the Aptos token was very strong, resulting in 94.28, and it belonged to the AAA tier. Moreover, its worldwide ranking was #6 per Certilk Skynet, followed by multiple strong factors.
The Aptos token’s market cap value was $2.963B, making it the 26th largest cryptocurrency in the global crypto market. This further resulted in a market cap dominance of 0.12%.
The value of the Aptos token’s traded volume also increased by 12%, resulting in $139.313M. It was followed by a volume/market cap ratio of 4.73%. This further showed medium liquidity in the token price.
The token’s circulating supply was 483.876M APT, followed by a total supply of 1.111B APT. Also, the token’s maximum supply was infinite, resulting in a fully diluted market cap of $6.805B.
Aptos Token Derivatives Data Analysis
Recently, the Aptos token witnessed higher short liquidations that showed buyers’ dominance in the price.
The token’s recorded short liquidation was worth $284.94K, against which the value of the longs liquidated was $49.65K. Additionally, the value of the derivatives volume advanced by 13%.
The open interest of the Aptos token also advanced by 3.7%, resulting in a value of $83.80M. Following this, the derivatives traded volume value was $274.82M, showing a rise in the token’s trading activity.
APT Token Technical Analysis
The APT token has recently exhibited a shift in its price movement. It formed a higher high swing after a prolonged period of decline.
Despite this recent uptick, the overall technical structure of APT remained bearish. This is because the token has followed a lower-low swing pattern for several months.
Since reaching its swing highs in March 2024, the token’s price has dropped by 70%, reflecting sustained downward pressure.
This persistent decline has led to a falling wedge pattern on the daily chart, with the price currently trading within this pattern. If the APT token breaks above the falling wedge with strong momentum, it could signal the potential for continued upward movement shortly.
Aptos Token Technical Indicator Overview
As of the latest analysis, the APT token price has been grappling with resistance at the 50-day Exponential Moving Average (EMA). The 50-day and 200-day EMAs are exhibiting a death cross, signaling potential bearish momentum.
APT/USD Chart by TradingView
In addition, the MACD and its signal line have converged in a bullish trajectory, with the MACD recently forming a golden cross. This pattern has been observed over the past few weeks, further supporting a positive outlook for the token.
The RSI has also demonstrated bullish strength by breaking above the 14-day SMA and closing above the 50-zone on the daily chart. This suggested a significant increase in bullish momentum.
The APT token is anticipated to find support at $4.70 and $5.50, while potential resistance levels are projected at $9.60 and $14.30.
Disclaimer
This article is for informational purposes only and does not provide any financial, investment, or other advice. The author or any people mentioned in this article are not responsible for any financial loss that may occur from investing in or trading. Please do your research before making any financial decisions.
