Aptos (APT) has risen by more than 3% in the last 24 hours and 5.3% in the last week, but has fallen by 13% over the last 30 days. The move comes just before the $59 million token unlock scheduled for tomorrow. This could introduce short-term volatility.
Despite recent rebounds, APT continues to fall below monthly highs, with key resistance and support levels currently focusing. While technical indicators are beginning to get bullish, future unlocked, broader market sentiments could shape the next major movement.
APT Set with $59 million unlock – move prices?
Aptos will unlock 11.31 million tokens, worth around $59 million tomorrow. This scheduled event takes place on the 12th of each month.
This distribution includes 3.21 million tokens to the community, 3.96 million in core contributors, 1.33 million in foundations and 2.81 million in investors.
Despite these normal unlocks, 43.5% of the total supply of APT is still locked. Future releases will remain an important part of the overall supply structure of tokens.
Historically, these unlocks have shown an inconsistent impact on APT prices. After unlocking in April, tokens rose 3.6% in 24 hours, but in May it coincided with a 7.8% decline, indicating no clear pattern of market response.
These mixed results suggest that price movements are more likely to be caused by broader market sentiment and trading dynamics than lifting.
Events tomorrow could increase short-term volatility, but historical data suggests that they are not reliable predictors of price direction.
Directional momentum supports bulls prior to unlocking
Aptos shows updated intensities on the DMI chart, with ADX (mean directional index) rising sharply from 17 a day ago to 29.53.
ADX measures trend strength, with values ​​above 25 usually indicating a strong trend ongoing. The rising ADX suggests that momentum is still being built even as directional components change.
+di is from 33.85 to 27.32 yesterday. -DI has dropped sharply from 21.72 to 8.52. The wide gap between them indicates that the bull is still in control despite the slight cooling of momentum.
One-sided cloud also supports this view. Prices are above the cloud, and this is a bullish signal. Green reading span A will be upwards, suggesting that the trend may continue.
The blue Tenkansen line remains above the red Kijunsen, indicating that the short-term momentum remains stronger than the medium-term trend. Furthermore, Green Chicospan surpasses both the price and the cloud, confirming bullish sentiment.
As the cloud turns green and expands, the chart shows that support is being enhanced under the current price action, adding even more confidence to the upward setup.
Aptos Eyes Eyes Golden Cross receives critical focus and support
The EMA structure of the APT is set for potential golden crosses. This is a bullish signal that occurs when short-term EMA exceeds long-term EMA.
This crossover can ensure bullish momentum increases and set up a phase of movement towards the next level of resistance.
If the upward trend continues, the APT may be supported by trying to break beyond the initial resistance zone and improving technical emotions.
However, there are still negative risks. The $5 level is a critical support that has been tested and maintained recently, but if that level fails with updated sales pressure, it can cause a deeper pullback.
In that case, the APT could drop towards the $4.83 region, and if the bearish momentum gets stronger, it could continue to drop by $4.44.
Whether or not the golden cross will be realized and retained may determine the short-term direction of the token.
Disclaimer
In line with Trust Project guidelines, this price analysis article is for informational purposes only and should not be considered financial or investment advice. Although Beincrypto is committed to accurate and unbiased reporting, market conditions are subject to change without notice. Always carry out your research and consult with an expert before making any financial decisions. Please note that our terms and conditions, privacy policy and disclaimer have been updated.
