Aptos Price Grows as TVL Hits New Highs, $19 Target Looms

Aptos (APT) has made an impressive comeback after a dip earlier in December. The price found support at $10.26 and surged past $14. This recovery is backed by a sharp rise in Total Value Locked (TVL), which recently hit a new record of $1.29 billion. With this momentum, many believe the price could reach as high as $19.

Aptos Price Surge: What’s Driving the Rally?

Aptos struggled in early December, especially after failing to break through the $15 resistance. Between December 7 and 11, APT lost over 20%, dropping to $10.26. However, strong support at this level allowed the price to bounce back quickly. 

By Tuesday, APT was trading around $14.17, showing strong signs of upward movement. The primary driver behind this rally is the surge in TVL. TVL measures the amount of capital locked in a platform’s protocols. A higher TVL reflects greater investor confidence and user engagement. 

The Impact of Record TVL on Aptos Price

Aptos’ TVL has been steadily increasing since mid-November, reaching a new all-time high of $1.29 billion. From December 11 to 17, TVL grew by 13%, reflecting the rising popularity of Aptos-based DeFi applications. 

This increase signals more capital flowing into the network, strengthening the ecosystem and laying the foundation for future growth. The technical indicators also support a positive outlook. 

The Relative Strength Index (RSI) is currently at 57, above the neutral 50 mark. This suggests that bullish momentum remains strong. If the trend continues, Aptos could push toward the $19 target. More users and investors are likely to flock to the platform as interest grows.