Aptos Shows Weakness Amid High Costs and Overvaluation Risks

Aptos shows weakness amid high costs and overvaluation risks. Aptos (APT) faces scrutiny as its financials reveal challenges. Despite strong activity, with over a million daily users and millions of transactions, its fundamentals cause concern. The project has generated only $1.4 million in fees this year while expenditures reached $504 million, exposing a significant imbalance.

So many announcements and @aptos is still so bearish…the only thing that can save us is an announcement from @BlackRock or @finkd !

— solanacreator.sol | 🇺🇸 (@solanacofounder) January 13, 2025

A fully diluted valuation of $14.5 billion gives it a steep price-to-fee ratio of 10,000%, raising fears of overpricing. Additionally, the token’s price dropped 6.27% in the past 24 hours, now trading at $8.25, highlighting declining investor trust. With operational costs far exceeding revenue and a questionable valuation, Aptos could struggle to maintain market confidence, suggesting further downside potential.

APTUSD is currently trading below the 9 SMA, indicating weak momentum. The price is consolidating near $9.00, forming an order block that could act as resistance.

A break below $8.00 would confirm a bearish structure and likely drive the pair towards $7.40. RSI around 42 signals limited buying pressure, supporting a bearish outlook.

Resistance Levels: $10.40, $14.40, $19.50
Support Levels: $7.40, $4.70, $3.10

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