Aptos, a layer 1 blockchain platform, saw its native token record an impressive rally, gaining strong focus from short-term traders.

Aptos surged 20% in the past 24 hours and is trading at $10.24 at last check Sunday. Its market cap surpassed $5 billion with a daily trading volume of $530 million.

Notably, the Aptos token witnessed a double-bottom formation on its price chart between October 2023 and 2024. The appearance of a double-bottom correction usually brings a strong bullish momentum for an asset’s price.

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