What to know:
- Aptos (APT) hits 264.5M monthly transactions, marking its third-highest activity level ever despite a recent 10x gas fee increase
- APT price faces strong bearish pressure, trading below key EMAs with a confirmed death-cross structure on lower timeframes
- Technical indicators remain negative, with RSI near oversold levels and MACD confirming continued downward momentum.
Aptos recorded a major milestone as monthly transactions surged to 264.5 million, marking its third-highest level ever. According to Token Relations, the spike came alongside an approved 10x gas fee increase aimed at improving network economics and reducing congestion.
Despite higher costs, user activity remained strong, reflecting sustained demand and resilience across the blockchain ecosystem.
Source: Token Relation’s X Post
Ecosystem growth also accelerated as DecibelTrade surpassed $1 billion in cumulative trading volume, highlighting rising DeFi adoption on Aptos. The combined surge in transaction activity and trading volumes signals a maturing network transitioning toward stronger utility-driven growth.
Increased fees, alongside expanding platform usage, suggest the ecosystem is evolving while maintaining robust user engagement and liquidity inflows.
Also Read: Aptos (APT) Price Jumps 9%: Can It Reach $2.40 After Volume Surge?
Aptos (APT) Technicals Reveal Strong Bearish Pressure
Despite this strong achievement, APT is showing a strong bearish bias in the 4-hour chart. As per TradingView, the price has declined from its peak of $1.11 and has broken down all the major Exponential Moving Average lines, creating a death-cross pattern. The asset is currently trading at $0.89411 and is not showing support to hold its current level.
Source: TradingView
The technical indicators also continue the negative momentum. The price continues to be pinned under the Ichimoku Cloud. The red-tinged Kumo indicates strong overhead resistance. The lagging green line indicates the sharp fall in investor sentiment.
Unless the $0.92 price level is taken out in the near future, the path of least resistance is for the price to continue falling.
Momentum Indicators Point to Oversold Conditions
The Relative Strength Index (RSI) is at 30.33, which is just above the oversold line of 30. This sharp decline in the Relative Strength Index is due to the high selling pressure the asset has been witnessing since the mid-March highs. This is the reason the asset is becoming cheap, but the bears are still in charge.
Source: TradingView
The bearish sentiment is further supported by the MACD, which has its line and signal line far below zero. In addition, the histogram is in red, which indicates bearish momentum.
What is interesting is that the MACD line is flat and curved under the signal line. Therefore, until a bullish crossover with an upward trend occurs, the trend remains downward.
This article contains market analysis and price predictions. These are not guarantees. Crypto markets are volatile. Always DYOR. Not financial advice.
Also Read: Aptos (APT) Eyes $2 Target as Breakout Challenges Long-Term Downtrend Resistance
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