Aptos Consolidates in Falling Wedge, Fueling Near-Term Growth with Aave Deposits & Bedrock Expansion

Aptos (APT) is currently displaying a tight technical formation known as a falling wedge pattern. Prices are consolidating between $4.23 support and $4.38 resistance. This ongoing consolidation has fueled gains of 2.3% in the past 24 hours, with APT trading at $4.34. The rising price action is testing resistance at $4.38 while maintaining firm support at $4.23. Notably, a key catalyst for this movement has been Aptos’s increasing adoption and engagement within the ecosystem. This includes significant Aave deposits exceeding $2 million and the upcoming Bedrock expansion to the Aptos network.