- Aptos TVL surged above $1.89 billion as capital flowed from Bitcoin, Ethereum, and Solana.
- APT gained over 55% weekly after breaking above a broadening wedge pattern.
- Bulls target $1 and $1.20, while $0.70 and $0.55 remain key downside levels.
Aptos has suddenly caught the market’s attention after a powerful weekly rally. APT gained more than 55% within seven days, while daily gains reached double digits. Rising network activity adds another layer to the recovery story. Capital flowing from Bitcoin, Ethereum, and Solana has also strengthened demand. Now, traders face a key question: can APT sustain momentum and reclaim the psychological $1 level?
Aptos Network Activity Surges as Capital Returns
Aptos suffered a sharp setback on September 6, when bridged TVL fell near $550 million. Since then, the network has staged an impressive recovery across several key metrics. Bridged TVL has climbed above $1.89 billion, more than tripling within roughly two weeks. The rebound highlights stronger capital movement across the Aptos ecosystem. Growing liquidity could provide additional support for applications and trading activity across the network.
Users have continued moving funds from major blockchain networks into Aptos. Bitcoin, Ethereum, and Solana have contributed to the renewed capital activity. Daily transactions have also maintained strong momentum during the recent recovery. Activity has generally ranged between 10 million and 15 million transactions each day. Such figures point toward stronger user engagement across the Aptos network.
Trading volume has provided another important signal for the ongoing recovery. Daily token volume increased from roughly $42.76 million to more than $150 million. Volume reached a monthly peak near $267 million on September 19. The sharp increase shows stronger participation across the APT market. Higher trading activity can also provide additional momentum during major price moves.
APT Targets $1 After Breaking Above a Major Pattern
APT recently broke above a broadening wedge pattern that developed over several months. The structure formed between June and mid-September during an extended consolidation phase. The three-and-a-half-month range suggested a potential accumulation period. A successful retest around $0.70 then strengthened the breakout setup. That retest gave buyers a stronger foundation for the latest upward move.
APT now has a relatively clear path toward the $1 supply zone. Traders will closely watch how price behaves around the psychological barrier. A decisive move above $1 could bring $1.20 into focus as the next target. However, buyers must first establish $1 as reliable support. Failure to hold the breakout could trigger renewed selling pressure.
The bullish setup also receives support from the MACD indicator. Rising MACD bars show increasing momentum behind the current advance. Stochastic RSI also reflects strong buying pressure across the recent move. However, the indicator has reached overbought territory following the sharp rally. Such conditions could increase the risk of a short-term pullback.
