- Aptos price rises above $1 with strong volume, but declining network activity suggests the rally may be short-term.
- Traders should watch key resistance at $1.08 for the next move.
Aptos (APT) has seen a sharp recovery in recent sessions, climbing past the $1 mark after weeks of downside pressure. While the price rally appears strong, on-chain metrics suggest caution, as network activity continues to decline.
Aptos Price Surges While Volume Spikes
APT price rose to around $1.07, marking a 12.22% increase over the past week. Trading volume also surged by over 180%, surpassing $211 million, signaling short-term buying interest.
Despite the bullish move, the broader trend remains fragile. Aptos is still trading within a larger bearish structure, with lower highs and lower lows dominating the daily chart. The Supertrend indicator continues to signal a bearish bias, hinting that the broader downtrend is not yet broken.
Key levels to watch:
- Immediate resistance: $1.08
- Next resistance: $1.25
- Major resistance: $1.40
- Support: $0.95
- Major support: $0.79
A clean break above $1.08 could push APT toward $1.25, while a rejection might send the price back to $0.95 or even $0.79.
Network Activity Declines Despite Price Rally
While price action looks promising, underlying network activity tells a different story. Transaction throughput (TPS) spiked briefly but quickly fell back, indicating that the rally may be driven by short-term factors rather than sustained demand.
Daily active addresses are also trending lower, forming a series of lower highs. This decline in organic network usage raises concerns about the sustainability of the current rally.
Divergence Between Price and Fundamentals
The rising price alongside declining network activity represents a classic divergence. From a bearish perspective, it suggests that the rally may be driven by speculative trading rather than strong ecosystem growth.
However, there is a bullish counterpoint. Prices often anticipate future developments, such as ecosystem upgrades or tokenomics changes, which may not yet be reflected in network activity. If activity picks up in the coming sessions, the divergence could resolve in favor of a stronger uptrend.
What Traders Should Watch
Aptos is currently in a “decision zone.” Traders should watch for:
- A break and hold above $1.08 for potential continuation toward $1.25.
- A failure to sustain $1.08, which could push APT back to support levels at $0.95 or $0.79.
Overall, the price rally looks like a short-term relief bounce rather than a confirmed trend reversal.
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