Here’s why the price of APTOS is on the edge of a large interruption

Aptos, heat-1 network, shows resilience even as her token floats near its lowest level of 2023. Years.

Aptos (Preference) Token trading $ 5.90 on Tuesday, a little above the day of low in the amount of $ 4.60. This price is about 62% below the highest place in December last year.

The recent decline in the price of aptos comes even until its ecosystem is still growing. Toward Defi LlamaThe total value locked in the APTOS network jumped to 1.06 billion dollars. Most of these assets are in Aries Markets, Lending Protocol with over 391 million dollars of property. Echelon Market, another top platform in the network, has over $ 178 million, while the finance for the whole has $ 26.7 million.

Other leading liquid platforms for liquids in the Ecosystem aptos include amnis finance, echo protocol and thala.

Data also show that Stablecoin Market cap at aptos first crossed a billion billion dollars. This increases signals that grow users engagement with decentralized applications within the ecosystem.

Aptos income has also continued to grow this year. Revenue from the application climbed to a record $ 205,000 in February and amounts to 201,000 dollars this month. These revenue personalities are smaller than other chains, because aptos users are attracted to lower network fees.

APTOS price of technical analysis

The daily shows that the APT was in strong running in the past few months, rejecting with High $ 15.3 in November to at least $ 4.93 this month.

APTOS remains below the 50-day exponential moving average, indicating that the bears are currently controlled. On the positive side, the coin formed a large double-bottomed sample with a cleavage to $ 15.3. This form is considered one of the highest signals for reversal on the market.

Therefore, the APT could be rejected in the coming days, with the next key goal that it is at $ 12.13, a fleeting point in the amount of 50%, which would be a gain of about 105% from the current level.