Here’s why Aptos price could jump 85% as active addresses surge

Aptos has been facing some downward pressure recently, with its price retreating to $8.35 on Sunday, marking its lowest level since November 5, 2024. This represents a roughly 45% drop from its highest price point in November. Despite the current price dip, there are several strong on-chain metrics that suggest Aptos could see significant price movement in the near future.

Aptos is seeing strong growth in its ecosystem. According to data from Nansen, the number of active addresses on the Aptos network has surged in recent months, growing to over 1.2 million addresses, compared to less than 100,000 in August 2024. This substantial increase in active users signals growing adoption and engagement with the network.

Additionally, the number of transactions on Aptos has been rising steadily. Over the past 30 days, transactions have jumped by over 30%, reaching 156 million. This uptick in transaction volume is a positive sign of increased activity and demand for the platform.

The total value locked (TVL) in the Aptos ecosystem has also continued to rise, currently exceeding $1.05 billion, according to data from DeFi Llama. Key players like Aries Markets, Echo Protocol, Amnis Finance, and Thala are driving this growth. Aptos’s ecosystem is also attracting vsubstantial stablecoin liquidity, with the network surpassing Sui in stablecoin assets ($792 million compared to Sui’s $465 million). Stablecoins like Tether (USDT) and USD Coin (USDC) play a critical role in decentralized finance (DeFi), NFTs, and gaming, providing further validation of Aptos’s growing ecosystem.

Additionally, the decentralized exchange (DEX) market on Aptos is seeing strong volume. Over the past week, the network’s DEX volume surged to $133 million, with top players like Thala, LiquidSwap, and Cellana Finance dominating the space.

Despite the positive on-chain data, the price of APT has experienced a significant decline, falling below its 50-day moving average and breaching key support at $10.53. However, technical indicators suggest that Aptos could be poised for a strong price recovery.

The current price chart for Aptos shows the formation of a falling wedge pattern. This technical formation is often seen as a bullish signal, as it usually precedes a strong breakout when the price converges toward the apex of the wedge. As the two converging trendlines approach each other, the likelihood of a breakout increases.

Furthermore, the MACD (Moving Average Convergence Divergence) and the Relative Strength Index (RSI) have both formed bullish divergences. This occurs when these indicators rise while the price is still in a downward trend, suggesting that the selling momentum is weakening, and buying pressure is increasing. Bullish divergences are typically seen as early indicators of a price reversal.

Given the technical setup and positive on-chain metrics, Aptos is likely to experience a strong bullish breakout. The first key resistance level to watch is $10.53, which corresponds to the previous support level. A breakout above this resistance would signal further upside potential, with the next major target being the previous peak at $15.40. This would represent an 85% price increase from its current level, potentially bringing significant gains for investors.

Despite the recent price downturn, Aptos is showing promising signs of growth, both in terms of on-chain activity and technical indicators. If the network’s positive metrics continue and the bullish technical patterns hold, Aptos could experience a strong recovery, with the potential for an 85% price jump to its previous high of $15.40. Investors should keep an eye on the key resistance at $10.53 and monitor for any confirmation of a breakout.