Aptos Falls After Large Token Unlock; Support Test Will Decide Next Move
I see Aptos (APT) slipping to $4.74 after a 6.38% drop tied to an 11.31 million token unlock (~$52.1M). The unlock likely added short-term selling pressure despite recent bullish momentum.
The price is testing key support levels while the RSI remains neutral, so the move looks more like profit-taking and distribution than a structural trend change—at least for now.
Analysis
Recommendation
I'm watching APT closely—wait for confirmed support hold or a clean rejection before buying. Consider buying on weakness only if support holds and on-chain/volume signals turn constructive.
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.