What you need to know:
• APT decreased by 7% to $1.69.
• Trading volumes increased by 38% above average monthly figures as institutional players repositioned themselves in anticipation of the planned token unlock.
• Selling pressure intensified as market participants took positions in anticipation of the planned unlock of 11,3 million APT tokens, which accounts for 1.5% of the total supply being allocated to key participants and early investors.
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APT
$1,7359 (at the time of writing)
decreased by 7% over the last 24 hours as investors repositioned ahead of the scheduled token unlock.
• Broader cryptocurrency markets also declined: the CoinDesk 20 index fell by 4.2% at the time of publication, according to CoinDesk Research's technical analysis model.
• Trading volume increased by 38% above the 30-day average as APT pulled back from an early peak of $1.90, where exceptional trading volume reached 6.81 million tokens, nearly three times the usual levels.
• Selling pressure has intensified as market participants prepared for the scheduled unlocking of 11,3 million APT tokens, which represents 1.5% of the total supply and is directed to key participants and early investors.
• Technical weakness dominated price dynamics after a pullback from the $1.90 level, with APT forming a series of lower highs and lows.
• The token found preliminary support around current levels after multiple tests of the $1.69 mark; however, trading volumes indicated continued distribution by major holders.
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Technical analysis
● The main support zone is established at $1.69-$1.70 after three successful attempts to defend it
● Major resistance confirmed at $1.91, where significant volume indicated high selling
● Daily activity exceeds the 30-day moving average by 38%, confirming institutional participation
● Peak volume was 6.81 million tokens (180% above normal) and occurred at the resistance level of $1.90, confirming distribution
● A descending pattern from the peak at $1.90 has formed a short-term bearish structure with lower highs
● To overcome stronger resistance near the session maximum of $1.90, a rise above $1.71 is required
● A break of support below $1.69 may trigger the next significant decline based on previous consolidation areas.
