APT surges on weekly charts by 22.29%. Amidst 148% rise in trading volume, Aptos market cap has increased by 10%
The overall altcoin market cap has declined by 60% compared to BTC’s 15%. However, APT has defied this massive decline by reporting gains in market cap, trading volume, and prices.Over the past 30 days, APT has reported considerable gains on price charts. Its trading volume has surged by 148% over the last 24 hours to $219.8 million at press time.
According to Coinglass, the last 24 hrs have seen APT trading volume increase from $66 million to $73 million. The gains on daily charts show increased demand and market frenzy around APT.Equally, Apt’s market cap has increased by 10% over the past 24 hours to $3.022 billion. The rise in market cap showed increased adoption and interest around APT as the altcoin market attempted to recover.As of this writing, APT is trading at $6.26 after a 7.49% increase on daily charts.
Therefore, in the short term, APT had a strong upward movement. Additionally, the altcoin was enjoying positive market sentiment. Thus, if the current market conditions are maintained, the crypto will challenge the next resistance level around $6.9. A breakout from this resistance level will position the altcoin for a long-term rally to $9.8.Gladys is a passionate crypto-enthusiast and price analyst. With 3 years of experience in the blockchain space, she's well aware of the prevailing market trends. Gladys is uniquely committed to providing insightful and real-time content to the larger crypto-community.
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