Aptos experiences untimely surge in network activity during a bearish outburst but is it enough to encourage re-accumulation?
Recent developments suggest that we may continue to see more Aptos network activity but the question is, will it support APT’s recovery?blockchain stirred up some excitement lately despite the recent turmoil in the crypto market. Its latest report revealed a healthy spike in network activity, sparking inquiry into the potential impact on its native cryptocurrency, APT.
To put things into perspective, APT has been on a downward spiral for the last 9 days. It crashed by 43% from its July highs to its recent low of $4.32. APT exchanged hands at $4.61 at press time.APT’s current position represents a 76% discount from its YTD high. Its press time levels signaled the possibility of a bullish recovery. This was further supported by the oversold price according to the RSI.
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