The post Aptos Bulls Eye $25: Can Rising TVL Help Price Skyrocket?  appeared on BitcoinEthereumNews.com.

Aptos (APT) price action presented a bullish scenario, as APT recently broke out of a consolidation zone around $7-$8. The price surged past $12, signaling strong buyer momentum. This aligned with historical support and resistance levels, indicating a significant uptrend. Volume increase, suggested growing trader confidence in APT’s bullish trajectory. Crypto Bull predicted Aptos could rise toward the $20-$25 range, marked as a major target in the short term. This price level was previously established as a resistance zone in early April before the sharp decline. – Advertisement – https://twitter.com/CryptoBull_360/status/1856013830662631713 The projection of a sharp incline toward $20 reflected trader anticipation of continued upward movement. This bullish sentiment could drive APT prices even higher if the market maintains its current momentum. A consistent hold above recent breakout points would further confirm the likelihood of APT reaching the $20-$25 target range, offering a promising opportunity for those looking to capitalize on the current momentum. APT TVL Hitting a New ATH In addition to promising price action, Aptos continued to display impressive strength with a Total Value Locked (TVL) nearing $2.5 Billion. This metric soared recently, highlighting an influx of investments and user trust in the platform. – Advertisement – Aptos’s market cap has reached $6.3 billion, creating a standout market cap-to-TVL ratio of about 2.5:1. The ratio exceeded that of comparable networks, indicating an attractive investment profile. Significantly, the $2.5 Billion TVL suggested that a substantial volume of assets is actively being utilized within the Aptos ecosystem, contrastng with networks that have higher market caps but lower operational liquidity. Aptos TVL chart | Source: DefiLlama Such dynamics could imply that Aptos is undervalued, attracting more investors looking for potential growth. As funds continue to flow into Aptos, its ecosystem is poised for further expansion. Given these trends, we can expect to see even more growth…

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Filed under: News - @ November 12, 2024 6:26 pm