The post APT Token Approaches Key Demand Zone appeared on BitcoinEthereumNews.com.

TLDR APT token has experienced recent short-term decline of 6.27% in 24 hours but shows potential for recovery based on increasing network activity Daily active addresses on Aptos blockchain have reached 1.2 million, with 4.5 million transactions recorded in 24 hours Exchange outflows have increased to $15.05 million over seven days, suggesting long-term holding behavior Funding rate stands at 0.0081%, indicating dominance of long positions in derivative markets Technical analysis identifies a key demand zone between $7.69-$8.64, with potential for 76% rally to $15.33 The Aptos blockchain’s native token APT is currently experiencing mixed market signals, with recent price declines contrasting against growing network activity and positive trading metrics. The token has seen a 6.27% decrease in value over the past 24 hours, adding to a broader decline of 27.20% over the last month. Recent data from blockchain analytics platform Artemis reveals that despite the price downturn, the Aptos network is showing strong signs of user engagement. Daily active addresses have reached a notable milestone of 1.2 million users, indicating healthy network participation. Transaction volume on the network has also shown remarkable growth, with 4.5 million transactions processed within a 24-hour period. This surge in activity encompasses both buying and selling movements, suggesting active market participation across the network. Looking at exchange-related metrics, APT has experienced a marked increase in outflows from trading platforms. The total exchange netflow over the past seven days reached $15.05 million, representing a substantial increase from the previous week’s figure of $2.59 million. These outflows from exchanges often indicate that traders are moving their tokens to private wallets for longer-term holding, rather than keeping them on exchanges for immediate trading. This behavior typically suggests a more bullish outlook among token holders. Aptos Price on CoinGecko In the derivatives market, traders are showing increased confidence in…

---

Filed under: News - @ January 10, 2025 4:21 pm