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APT

Aptos Tests Support After $52M Unlock

I see Aptos sliding about 6.4% to $4.74 after an 11.31 million token unlock valued at roughly $52.1 million. The move erased recent bullish gains and is now testing key support levels.

Momentum indicators are neutral (RSI not oversold), so this feels like distribution tied to the unlock rather than a capitulation. I'll be cautious until support holds or buying pressure returns.

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Analysis

The 11.31M token unlock likely added selling pressure that pushed APT down to test critical support; neutral RSI suggests there’s no clear momentum reversal yet. If support breaks, further downside is...

Recommendation

Watch price action around the tested support and wait for confirmation before initiating fresh longs. Consider buying on weakness only after signs of accumulation or a clear bounce; manage risk with t...

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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