Aptos Falls 6.4% After $52M Unlock — Support Under Pressure
I see Aptos dropped about 6.4% to $4.74 after an 11.31 million APT token unlock (~$52.1M), which added near-term selling pressure and pushed the price to test key support levels.
RSI remains neutral, so momentum hasn't capitulated; given the increased supply and recent volatility, I
Analysis
Recommendation
Watch the price action: avoid initiating new long positions until support is confirmed or a rebound shows conviction; consider buying on weakness only if support holds and volume improves.
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.