Aptos (APT) Price Surges as TVL Tops $350 Million, Is the $6 Resistance Level Soon to Break?

Aptos, a Layer 1 Proof-of-Stake blockchain, has recently witnessed a surge in its price despite broader market instability.

Aptos (APT), a layer one proof-of-stake blockchain, has seen a surge in its price despite broader market instability. A recent report highlights a significant increase in network activity, leading to speculation about the future potential of the Aptos price. This uptick in performance is notable, showing strong signs of recovery for the market.

Aptos Price Surges as TVL Tops $350 Million

The community reacted favourably to market developments, with the Total Value Locked (TVL) in Aptos momentarily exceeding $350 million during a market recovery phase. At the last check, the TVL stood at $352.38 million.

The layer one cryptocurrency has seen notable volatility over the past 24-hours, trading in a range of $5.47 to $5.88. At the time of writing, the APT price hovered at $5.75, showing a strong surge of more than 5% during the European trading hours.

This movement marks a significant rebound from its all-time low of $3.09, recorded nearly two years ago, showcasing a recovery momentum in the crypto market.

Aptos Price May Surge Past $6 Resistance Level

If the Aptos price manages to break through the $6 resistance level, it could experience a significant surge, propelling it toward the $7 threshold. If this upward trajectory continues, it might pave the way for the pivotal $10.00 resistance level.

The 4-hour technical indicators for the Aptos price show varied signals. The price chart exhibits a recent bullish trend, characterized by an upward channel formation that indicates increasing buying pressure.

The Relative Strength Index (RSI), currently at 59.21, remains below the overbought threshold of 70, suggesting that there may still be room for upward movement before the asset becomes technically overbought.

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