Aptos Records 16.7 Million Active Monthly Addresses and $62.32 Million USDC Issuance
Aptos, a Proof-of-Stake blockchain network, has experienced significant growth recently. Key metrics include:
- 16.7 million active monthly addresses
- Daily activity peaked at 1.7 million on January 29
- Currently reports 1.4 million daily active addresses
- USDC issuance at $62.32 million
- Total value locked (TVL) around $858.7 million
APT Price Action
The current price of Aptos' native token APT is approximately $5.95, reflecting a 2.8% increase in the past 24 hours. However, it remains below the average buy-in price of $7.30.
- Bollinger Bands indicate oversold conditions
- Possible price bounce towards $7 if buying momentum continues
- 14-period Relative Strength Index (RSI) at 28.47 shows deep oversold levels
- Resistance level near $6.50 for bullish breakout; potential to reach $8 if surpassed
- Support level around $5.50; drop below this could lead to further declines with $4.75 as the next support
Market Outlook
The recent price recovery coincides with a broader crypto market rally due to a tariff pause among the US, Canada, and Mexico. However, renewed geopolitical tensions could exert downward pressure on cryptocurrencies, including APT.
Investors are encouraged to consider long-term growth potential and buy during dips. Analyst Aman emphasizes Aptos as a leading project with strong development activity and engagement metrics.