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Aptos Falls 6.4% After $52M Unlock — Support at $4.7 in Focus

I note Aptos (APT) dropped 6.38% to $4.74 after an 11.31 million token unlock worth about $52.1M, which increased available supply and sparked short-term selling pressure. The move tested key support levels despite recent bullish momentum.

RSI readings are neutral, so momentum hasn't decisively flipped to bearish, but the price action suggests caution until support holds or a clear recovery pattern appears. I'm watching whether the $4.7 area holds or if further downside emerges.

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Analysis

The token unlock increased circulating supply and likely triggered profit-taking and short-term selling; neutral RSI suggests momentum is undecided, so price action around current support will determi...

Recommendation

Watch price action at the $4.7 support zone and avoid buying into the dip without confirmation; consider buying on weakness only if support holds and volume/stochastic indicators show stabilization.

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.

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