MEXC Staking Surge Fuels 12% Surge in Aptos Price

The primary catalyst behind the recent APT price increase is the surge in staking activity on the MEXC exchange.

Aptos price has surged by 12% amid a spike in staking activity on the MEXC exchange. The cryptocurrency's price has soared as a response to this increased demand for staking Aptos on the platform.

Aptos price today is $11.05, showing an 8.6% increase in the last 24 hours. The crypto's 24-hour trading volume has also risen by 23.3% to $301.01 million. Aptos’ price performance marks a significant recovery from its recent low of $9.61 last week.

Aptos price could continue its bullish momentum, targeting the next resistance levels at $15.00 and $19.00, asịp predicted in a previous analysis. A sustained rally could push the price even higher, breaking through these resistances.

On the downside, Aptos price may retest the $9.00 support before continuing its ascent. A bounce off this level could lead to further gains. However, if the price falls below this support, it could test the $7.45 support, which coincides with the top of the range. Below that, the current bullish thesis will be invalidated.

Aptos price has soared by 12% due to a surge in staking activity on the MEXC exchange. This increase in demand for staking Aptos on the platform has driven the cryptocurrency's price higher.

Aptos price is currently up 12% to $11.05, with a 24-hour trading volume decrease of 23.3% to $301.01 million. The cryptocurrency has shown a strong upward trend from the lows around $5.50 in September, making higher lows and higher highs.

Recently, the price broke above the key resistance at $9.00, confirming bullish momentum. The next major resistance is around $15.00, followed by the higher target of $19.00 based on the bullish structure's 76.41% measured move.

Based on the technical breakout from the previous resistance level and the projected target from the current structure, a sustained rally could take the price beyond $19.00.

The broader crypto market is down 3.3% as Bitcoin price showed weakness around $70,000 and dropped to the $66,000 level.

Aptos price today is $11.05, which represents an 8.6% increase in the last 24 hours. This price surge comes as a response to the recent surge in staking activity on the MEXC exchange.

Traders on MEXC will share in a $1.5 million reward pool for staking their APT tokens with up to 20% APR if they lock the tokens for 30 days.

The Aptos price has shown a strong recovery from its recent low of $9.61 last week. The broader crypto market is down 3.3% after the Bitcoin price showed weakness around $70,000 and dropped to the $66,000 level.

Aptos price could continue its bullish momentum, targeting the next resistance levels at $15.00 and $19.00, asịp predicted in a previous analysis. A sustained rally could push the price even higher, breaking through these resistances.

On the downside, Aptos price may retest the $9.00 support before continuing its ascent. A bounce off this level could lead to further gains. However, if the price falls below this support, it could test the $7.45 support, which coincides with the top of the range. Below that, the current bullish thesis will be invalidated.

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