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- APT price down 27%, but monthly active addresses doubled to ~1.7M.
- $2.80 liquidity zone could drive short-term recovery.
- Market remains bearish until $3–$4 resistance levels break.
Despite a sharp 27% decline in its token price this month, Aptos (APT) is showing signs of robust on-chain activity. Monthly active addresses more than doubled, rising from 750,000 to over 1.8 million, stabilizing around 1.7 million. Increased activity is particularly evident in perpetual trading, which surged 62% in a week, according to DefiLlama data.
This surge demonstrates that while market sentiment for APT remains weak, user engagement and network adoption continue to grow. Total Value Locked (TVL) sits near $1 billion, slightly below previous highs, signaling healthy blockchain usage even as price lags.
Why APT’s Price Struggles
Aptos’ price mirrors broader crypto market weakness. The token dropped from roughly $3.06 to $2.60 following a $2.10 billion liquidation event that hit Bitcoin and other top assets. Technical indicators show bearish dominance: APT broke below a descending wedge in early November, with cumulative volume delta (CVD) mildly positive at $227.43K, reflecting weak buying pressure.
While the MACD shows fading seller momentum, the overall trading structure remains downward. Analysts suggest that a recovery above $3 could slow the decline, while a breakout past $4 may trigger a sentiment shift.
Liquidity Patterns Suggest Short-Term Support
Derivatives data shows heavy selling pressure, with $6.54 million in leveraged shorts against $3.81 million in longs. Binance accounted for the largest short liquidation, $1.56 million at $2.79. Liquidation heatmaps reveal concentrated liquidity around $2.80, hinting at potential upside if the price moves toward that zone. Below $2.60, liquidity is sparse, indicating less immediate downside support.
APT Stays Bearish, But Buyers Are Emerging
APT’s monthly price slide highlights ongoing market weakness, yet network adoption and liquidity dynamics show early signs of stabilization. Traders are watching key resistance levels at $3 and $4, which could define the next phase. Until then, Aptos remains in a downward structure, with cautious optimism from on-chain activity offering a potential foundation for recovery.
Disclaimer: The information in this article is for general purposes only and does not constitute financial advice. The author’s views are personal and may not reflect the views of Chain Affairs. Before making any investment decisions, you should always conduct your own research. Chain Affairs is not responsible for any financial losses.
Also Read: Aptos (APT) Price Surges 10% After WLFI Stablecoin Partnership, Analysts Target $8
I’m a crypto enthusiast with a background in finance. I’m fascinated by the potential of crypto to disrupt traditional financial systems. I’m always on the lookout for new and innovative projects in the space. I believe that crypto has the potential to create a more equitable and inclusive financial system.
