Crypto Journalist
Anas Hassan
Crypto Journalist
Anas Hassan
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Aptos native USDT activities have now surpassed $30 billion in volume, making it the fourth-largest layer-1 blockchain by net circulation of native USDT, valued at approximately $830 million.
The blockchain’s stablecoin dominance extends beyond USDT to include USDC and USDe, creating a comprehensive ecosystem that has attracted significant user engagement.
This multi-stablecoin approach has positioned Aptos as the second-highest blockchain by on-chain activity, boasting 1.1 million monthly active user addresses (MAUs) specifically for native USDT transactions.
APT Down 5.2% Despite $30B Volume Surge – Elliott Wave And Yellow Card’s Aptos USDT Signals Reversal
At the time of writing, Aptos (APT) trades at $4.54, down 5.2% from its July 3 highs of $4.84, with trading volume also declining by 4.6%, as the market cap remains stagnant near $3 billion.
The Elliott Wave analysis on the 30-minute chart indicates that APT has completed a classic 5-wave impulse and is now in a corrective ABC pattern.
However, the recent partnership with Yellow Card for cross-border payments serving millions of users across Africa has led many traders to anticipate a bullish reversal if APT maintains the $4.40–$4.45 support levels.
Notably, the Aptos partnership enables Yellow Card customers to transfer USDT and USDC instantly without gas fees.
The integration targets mobile-first markets and ensures sub-second settlement for daily payments and cross-border transactions.
Africa leads global stablecoin adoption, driven by demand for affordable and fast alternatives to traditional finance.
With 54 million digital asset users in Sub-Saharan Africa alone, Aptos’ provision of stable, low-cost digital payment infrastructure could generate more retail volume than ever, positively impacting APT price action.
Additionally, Aptos blockchain’s processing capabilities, with real-time finality of over 11,000 TPS, have been crucial to its widespread adoption.
Token Terminal data shows that this backend strength has helped Aptos quietly reach over $ 1 billion in native stablecoins, with average gas fees under $0.0008, currently the lowest in the market.
This has driven transaction activity across the chain up 36% in the last 30 days, with Aptos processing over 172 million transactions during this period.
Bulls Eye $7 Target as Falling Wedge Pattern Forms at $4.50
The market now believes APT is poised to move higher, given all these catalysts.
Sonilapt, an Aptos supporter on X, suggested that APT could reclaim $6.00+ in Q3, as the price currently hovers around a critical demand zone near $4.50, with price action forming a falling wedge, a typical bullish reversal pattern.
Popular crypto market maker CLS Global also shared its outlook on Aptos pricing.
The liquidity provider expects early reversal signals if APT finds support around the $3.74-$4.16 zone.
Accumulation from there is anticipated to push Aptos toward $5.30, $5.99, and $6.28, with $7.05 as a target.
However, concerns exist that the upcoming Aptos token unlock on July 12 might invalidate the bullish structure.
With over $3.0 billion worth of tokens to be unlocked this July, Aptos alone accounts for 11.31 million APT tokens worth $52.74 million set for release.
This equals 1.75% of Aptos tokens currently in circulation, which could bring CLS Global’s $3.74 target into play.
Technical Breakout: Can APT Smash $4.81 Resistance for $12 Rally?
The APT/USDT daily chart shows a prolonged downtrend that appears to be stabilizing near the $4.50–$4.80 region, which has historically acted as strong support.
Price action over the past 290 days has formed multiple falling wedge patterns, typically viewed as bullish reversal formations, suggesting the possibility of an imminent breakout.
APT is currently trading at $4.529, hovering just below the $4.813 horizontal resistance. If buyers can push the price above this level, the chart identifies key upside targets at $ 6.18, $7.40, and more aggressive long-term projections toward $10.38 and $12.00.
These targets align with potential Fibonacci extensions and previous resistance zones, providing a roadmap for a bullish recovery if momentum develops.
Given the compressed price structure and the completion of a lengthy consolidation phase, APT is positioned for a potential trend reversal; however, confirmation requires a clean break above the $4.81–$5.00 resistance.
Without that, continued accumulation around current levels could persist until volume and breakout strength return.
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