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    Aptos: Can THIS pattern help APT push past $9?

    Yeek.ioBy Yeek.ioFebruary 10, 2025No Comments3 Mins Read
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    • Aptos’ on-chain activity surged, with 36.3% more transactions and 30.8% more active addresses.
    • Horizontal scalability, rising Open Interest, and development activity signal strong growth potential.

    Aptos [APT] has witnessed a significant surge in on-chain activity, with weekly transactions rising to 48.71 million, marking a 36.3% increase. Alongside this boost, the number of weekly active addresses has also increased by 30.8%, reaching 7.37 million. 

    These figures suggest an upward trend, reflecting growing engagement and adoption within the blockchain ecosystem. 

    Horizontal scalability unlocks new potential

    Aptos recently unlocked horizontal scalability with the introduction of its Shardines technology, which enables over 1 million transactions per second [TPS] for non-conflicting transactions. 

    Additionally, the system can handle over 500,000 TPS for conflicting transactions, offering a major breakthrough in blockchain scalability. This innovation positions Aptos at the forefront of blockchain advancements, addressing scalability issues that have long plagued the industry. 

    With this new technology, Aptos can support more complex decentralized applications, driving further adoption and utility within the Web3 ecosystem.

    Price action analysis: Breaking out of the falling wedge?

    At press time, APT was trading at $6.19, with a 4.74% increase in the last 24 hours. The price is positioned near the lower boundary of a falling wedge pattern, which often signals a potential breakout.

    The price has been moving within the wedge’s converging trendlines, suggesting a buildup of momentum.

    If APT manages to break out above the wedge’s upper trendline, it could see a substantial rise toward the next resistance levels around $9.88 and $14.70.

    APT price action analysis

    Source: TradingView

    Open Interest on the rise: A shift in sentiment?

    Open Interest (OI) in APT has also shown signs of a recovery, rising after a prolonged downtrend. At press time, the OI was $42.78 million, signaling renewed investor interest in the token. 

    This increase follows a period of low OI, indicating that more capital is flowing into the market. The growth in OI could signal a shift in market sentiment, indicating that investors are becoming more confident in Aptos’ prospects.

    APT OI per exchange APT OI per exchange

    Source: Santiment

    APT’s ongoing development driving long-term growth

    Aptos has consistently demonstrated strong development activity, with a score of 102.86 at the time of writing. This indicates that the team is actively working on improving the blockchain, which will likely continue to attract developers and projects.

    The ongoing development of the platform reflects a commitment to building a robust and scalable ecosystem, ensuring its long-term success.

    With continuous innovation, Aptos is well-positioned to meet the growing demands of the decentralized economy.

    Source: Santiment

    Conclusion: Aptos can maintain its momentum

    Aptos has shown impressive growth in on-chain activity, price action, and technical developments. With strong scalability features, increasing transaction volumes, and a dedicated development team, Aptos is poised for continued success. 


    Read Aptos’ [APT] Price Prediction 2025–2026


    The recent uptick in OI and price momentum suggests that the blockchain is gaining traction and could be on the verge of a sustained uptrend. 

     

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