Aptos $54M Token Unlock Looms at $4.80, Eyes $5
Aptos (APT) holds near $4.80 after a 13% weekly rise. Trading volume reached $473.7 million, showing strong market interest. On August 11, 11.31 million APT tokens (about $54 million or 2.2% of circulating supply) will unlock, potentially adding selling pressure.
Technical analysis remains cautiously bullish. The RSI is 54.6, indicating neutral momentum with room for upside. Short-term moving averages (10–50-day) are in buy territory. Key resistance sits at $4.85–$5.00, while support lies at $4.65–$4.50. A break above $4.85 could test $5.00; a drop below $4.65 may revisit $4.50.
Derivatives data show APT futures open interest up 0.71% to $368.6 million and volume down 3.5% to $345.9 million, signaling steady trader conviction. On-chain developments, including the Devnet launch of the Decibel Trading Protocol and over $720 million in real-world asset tokenization with partners like BlackRock, may help absorb new supply and limit volatility.
Neutral
The upcoming unlock of 11.31 million APT tokens introduces potential selling pressure that may test key support levels. However, positive technical indicators—such as neutral-to-bullish RSI and buy-zone moving averages—and robust on-chain developments like the Decibel Trading Protocol launch and $720M+ in RWA tokenization provide strong fundamentals. Derivatives data show steady trader conviction, suggesting limited volatility. In the short term, price may trade within a $4.50–$5.00 range. Long-term outlook remains positive if demand absorbs the new supply.