- Aptos is experiencing a surge in developer activity and trading volume, signaling strong network momentum despite its token APT dropping nearly 9% and struggling near key support levels.
- Unless buyers can push APT above the $5–$5.50 range soon, the price risks further decline despite growing market interest.
The Aptos (APT) blockchain is buzzing with momentum. Daily smart contract deployments have skyrocketed past 450 — a six-month high — signaling that developer confidence is not just alive but thriving. Meanwhile, decentralized exchange (DEX) activity is on fire, with 24-hour volume soaring to $165.7 million and weekly volume up over 26%.
Yet, despite all this energy, the APT token has tumbled 8.85% in the same time frame, slipping to $4.48 and hovering just above the lower edge of its multi-month trading range between $4.20 and $7. This contradiction begs the question — why is the token struggling while the network thrives?
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Disconnect Between Demand and Price
Market order books tell a bullish story. The Spot Taker CVD indicates aggressive buying pressure, with traders continuing to scoop up APT at a discount. Still, price action hasn’t mirrored this demand — hinting at a growing disconnect. This divergence could either pave the way for a breakout rally or burn out bullish momentum if a reversal doesn’t come soon.
Oversold Signals and Market Sentiment
The Relative Strength Index (RSI) has dropped to 38.46, pushing APT into oversold territory. Historically, this has signaled potential for a rebound. However, the $4.20 support zone has already been tested several times without a sustained recovery, making each retest riskier. Failure to bounce decisively could send APT into lower liquidity zones under $4.
Derivatives and DEX Action Hint at Speculation
The derivatives market suggests growing interest, with Open Interest climbing 11.78% to $181.92 million and trading volume up 5.26%. This indicates traders are positioning themselves for volatility — a potential setup for a major move.
At the same time, the drop in Total Value Locked (TVL) by nearly 6% shows that while long-term confidence may be wavering, short-term speculation is heating up.
Aptos’ ecosystem is alive and well, but its native token is at a critical juncture. Unless bulls reclaim the $5–$5.50 range soon, all the developer and trader enthusiasm may not be enough to save APT from slipping further.