As plans to upgrade the Aptos [APT] blockchain continue, the altcoin has outperformed the total crypto market cap by daily gains of 13%, at press time. This surge resulted in APT’s price reclaiming the $1 level but has since dropped below it.
Worth noting, this spike in both price and volume was common across the altcoin market. However, it was those altcoins that had real backing behind them that thrived.
Indicators signal possible APT trend shift
Aptos has broken above the slanting trendline resistance that had capped its price since the start of the year. From a low near $0.80, APT rallied more than 37% to above $1.10. However, bears quickly cut into those gains, pushing back at this key psychological level
Interestingly, the current breakout was symmetrical across most altcoins. This hinted that Aptos could be rallying at the expense of a broader altcoin rotation.
As the breakout signaled a potential trend shift, the indicators were aligning with this outlook. For instance, the RSI Divergence had printed another bull signal, the second one for the year 2026.
Moreover, the Money Flow Index (MFI) was above 70, which indicated capital inflow was at its peak. MFI tends to revert to these levels, as seen previously. However, for the APT price to remain bullish, this capital inflow needs to continue.
What really fueled Aptos’s rally?
Further analysis revealed that price action alone did not drive the rally. In fact, sentiment from the fundamentals was at the center of it.
Participants were betting on the Decibel upgrade, designed to strengthen the chain’s DeFi ecosystem. A key feature is the launch of Decibel’s USDCBL stablecoin, which aims to boost liquidity across the network.
Additionally, the chain capped the maximum supply at 2.1 billion APT and reduced emissions by 50%. Moreover, the chain increased gas fees by 10x, where 100% of transaction fees would be burned. All these developments, alongside buybacks, would reduce inflation.
Meanwhile, META announced it would be integrating stablecoins in its platforms through the Movement Network [MOVE]. This put Aptos and Sui Network [SUI] in a place of gain since they use the MOVE programming language.
Weekly transactions and active accounts peak
As per Aptos Explorer, its network activity over the past week had been growing as the market stayed silent.
However, price has exploded as user transactions hit a high of 8.679 million. The number of monthly active accounts also surged during this period, surpassing the 10.4 million mark.
Given the high number of transactions, the network lagged in terms of speed. The TPS fell from a peak of 19,286 to 1,708. This indicated that the network was straining to maintain high speed when activity increased sharply.
Final Summary
- Aptos rallied 37% amid altcoin rotation, the ongoing Decibel upgrade, and rising transaction and active accounts.
- APT’s bullish outlook was dependent on continued capital inflow and the ability to stay above the slanting trendline resistance.
