Aptos resolves critical bug…Will APT's rebound rally begin?

Aptos rebounds after resolving critical security flaw…Has the signal for an APT breakout rally been lit?

▲ Aptos (APT) ©Go Dasol

Aptos (APT) is attracting attention for its potential technical breakthrough as it rebounds after resolving a critical security flaw that threatened all deposited assets across its network. Although individual investor supply and demand were mixed, on-chain activity has steadily increased, supporting recovery expectations.

According to investment media FXStreet on July 9 (local time), APT rebounded by about 3% after showing weakness for three consecutive trading days earlier this week. This recovery is attributed to the correction of a core vulnerability in the Aptos blockchain. This vulnerability was discovered by white-hat hackers, and it was reported that over $100 million in Total Value Locked (TVL) on the network could have been exposed to risk. Charles Guillemet, CTO of Ledger, explained that this vulnerability enabled multi-block attacks with an approximately 90% success rate, and that the advancement of artificial intelligence (AI) is significantly lowering the cost of finding deep security flaws.

Following the security patch, APT showed a relatively strong recovery while most altcoins declined. According to DeFiLlama, Aptos's TVL has stabilized at around $108.86 million after plummeting from $189 million in early June. While TVL decreased by 1.50% in the last 24 hours, weekly on-chain transactions reached 137 million, indicating a steady increase in network usage.

In the derivatives market, individual investor movements were mixed. According to CoinGlass data, APT futures open interest increased by more than 3% in 24 hours to $80.13 million, and the funding rate of 0.0098% indicated a preference for long positions. In contrast, trading volume decreased by 14% to $107.54 million during the same period. The media analyzed that the increase in open interest despite the decrease in trading volume means that leveraged positions are expanding, and if the price turns downward, liquidations of long positions could increase.

Technically, the top of the descending channel at $0.6475 was presented as a key turning point. If APT breaks this price on a daily closing basis, a breakout from the descending channel will be confirmed, and the next targets could be the 50-day Exponential Moving Average (EMA) at $0.7088 and the supply zone of $0.7900-$0.8070, the media predicted. The Moving Average Convergence Divergence (MACD) maintained a gentle upward trend, and the Relative Strength Index (RSI) at 46 approached the neutral line, suggesting that selling pressure is somewhat easing. Conversely, if it declines, the June 30 low of $0.5550 and the area near the downtrend line at $0.5350 were suggested as key support levels.

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