Aptos: Barely budging at $4.80. A blip of a 0.6% dip in the last day couldn’t kill the momentum. The altcoin’s still basking in a 13% weekly surge.
Summary
Aptos: From slumber to surge? Trading at $4.80, the altcoin has jumped 13% this week, hinting at a potential awakening. Derivatives data reveals a market cautiously optimistic, suggesting a foundation for further gains, but is this just the prelude to a larger rally?
- A $54M unlock on Aug. 11, representing 2.2% of circulating supply, could influence short-term price direction.
- Technical indicators show a short-term bullish trend, with key resistance at $4.85–$5.00 and support at $4.65 and $4.50.
Aptos (APT) is flexing its muscles after shaking off early August doldrums. Riding a seven-day wave between $4.19 and $4.85, APT’s resurgence is grabbing attention. The digital asset’s pulse quickened with a hefty $473.7 million traded hands in a single day, a 2% surge hinting at renewed investor appetite. Delving into derivatives data from Coinglass reveals open interest in APT futures nudged up 0.71% to $368.56 million, while derivatives volume cooled slightly, dipping 3.50% to $345.95 million. Is this a temporary bounce or the prelude to a sustained rally?
Instead of fleeting trades, this pattern reveals traders planting their flags, a testament to unshaken belief in their positions, weathering market storms with steadfast resolve.
$54M Aptos unlock looms over recent rall y
Brace yourselves, crypto watchers! On August 11th, a $54 million APT tidal wave is set to crash into the market. Tokenomist data reveals a massive 11.31 million APT unlock is imminent, injecting roughly 2.2% more tokens into the existing pool. With APT currently boasting a circulating supply of 672.7 million and a fully diluted valuation of $5.61 billion, this unlock event could be a make-or-break moment. Will it fuel a surge, or trigger a dip? Stay tuned to find out.
Newly unlocked tokens can trigger a sell-off, especially if early recipients cash in their gains. This influx could sour market mood, testing its resilience. The key question: Can the market stomach the extra supply without crashing through critical support lines?
Aptos is poised for a token unlock, but its growing DeFi and real-world asset integrations might just soften the blow of any resulting price dips. Bolstering its on-chain trading game, Aptos launched the Decibel Trading Protocol on its Devnet this July, promising smoother, more efficient transactions.
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Aptos technical analysis
Aptos (APT) is hinting at an imminent breakout. Since August 5th, the price action has carved a staircase of higher lows, painting a bullish picture for the short term. The RSI, hovering at a neutral 54.56, suggests pent-up energy ready to be unleashed – a coiled spring waiting for the trigger. Reinforcing this upward trajectory, key moving averages (10, 20, 30, and 50 periods) are flashing green, urging traders to jump on the buy bandwagon. Is APT about to launch, or will it fizzle out? Keep a close watch.
Aptos daily chart. Credit: crypto.news
Beneath the surface froth, cracks remain. While short-term indicators hint at tentative buying, the 100- and 200-day moving averages still lurk in bearish shadows. The MACD and a quick glance at 10-day momentum suggest only a whisper of demand, while the Stochastic RSI screams “overbought,” flashing a neon warning sign for imminent retreats.
APT bulls are eyeing a prize: $5.00. First, they’ll need to conquer the $4.85 resistance, a battleground where fortunes shift. Should buyers seize control and shatter that ceiling, expect a surge that could flip the script on the 100-day averages, turning bearish sentiment on its head.
“$4.65: Hold the line, or brace for impact. A breach could trigger a slide towards $4.50, with $4.35 as the last stand. All eyes are on the market’s appetite for the new supply. The Aug. 11 unlock? It’s a potential rocket booster – sending prices soaring or plummeting, depending on the market’s next move.”
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Aptos max buy opportunity? Why $3.65 support could launch a 250% run
Thanks for reading Aptos holds near $480 amid mixed market signals — Will $54M unlock break momentum?
