Aptos Drops 6.4% After $52M Unlock — Support Test to Watch
I see Aptos (APT) sliding to $4.74 after a 6.38% drop following an 11.31 million token unlock worth about $52.1M. The move erased recent bullish gains and has the price testing key support zones.
Momentum indicators are mixed — RSI is neutral — so the decline looks driven more by supply from the unlock than a change in fundamentals. That suggests the pullback could be temporary if support holds.
I'll be watching how price reacts at current support and volume on any recovery before taking a directional position.
Analysis
Recommendation
Watch price action around current support and volume for confirmation before entering; avoid new longs until support holds or a clear reversal signal appears.
Disclaimer
The Analysis and recommendations provided are for informational purposes only. Any investment decisions should be made at your own risk. Past performance is not indicative of future results. Always conduct your own research and consider consulting with a financial advisor before making any investment decisions.