Aptos price extended its recovery on Tuesday after finding support at the daily $10.26 level last week. DefiLlama data shows APT's TVL reaching record levels, indicating increased activity and interest within the Aptos ecosystem. The bullish theory will be invalidated if the daily candlestick falls below $10.26.
Aptos (APT) price is trading above $14 on Tuesday after rebounding from key levels from the previous week. Data from cryptocurrency intelligence tracker DefiLlama shows that APT’s Total Value Locked (TVL) has reached record levels, indicating increased activity and interest in the Aptos ecosystem, with more to come. suggests an increase in
Aptos price looks promising
Aptos price was rejected at the $15.03 level on December 7th and fell more than 20% in the following three days. However, ATP retested and bounced off the $10.26 daily support on December 11th, recovering most of its recent losses by Monday. As of this writing on Tuesday, the rally has extended to around $14.17.
If APT continues its recovery and closes above the $15.03 level, it will rise 27% and retest the year-to-date high of $19.37 hit in March.
Aptos momentum indicators further support the bullish thesis. The Relative Strength Index (RSI) on the daily chart is 57, above the neutral level of 50, indicating bullish momentum is gaining momentum. Additionally, the Moving Average Convergence Divergence (MACD) indicator is about to reverse a bullish crossover on the daily chart. When the MACD line crosses the signal line, we get a buy signal indicating upward momentum.
APT/USDT daily chart
APT’s TVL increased from $1.14 billion on December 11 to $1.29 billion on Tuesday, marking a continuous rise since mid-November, according to data from cryptocurrency intelligence tracker DefiLlama.
This increase in TVL indicates increased activity and interest within the Aptos ecosystem. This suggests that more users will deposit and utilize their assets within APT-based protocols, adding credence to the bullish outlook.
APT TVL chart. Source: Defilama
However, if the Aptos daily candlestick closes below $10.26, the bullish theory will be invalidated. APT will extend its decline to retest the psychological significance level of $10.
