Aptos $54M Token Unlock Dey Loom for $4.80, Eye $5
Aptos (APT) dey hold near $4.80 after e rise 13% for di week. Di trading volume reach $473.7 million, show say market interest strong. For August 11, 11.31 million APT tokens (about $54 million or 2.2% of di circulating supply) go unlock, fit add selling pressure. Technical analysis still dey cautious but e dey bullish. Di RSI na 54.6, mean say momentum dey neutral but get room to go up. Short-term moving averages (10–50 days) dey buy zone. Key resistance dey $4.85–$5.00, support dey $4.65–$4.50. If e break pass $4.85, fit test $5.00; if e drop under $4.65, fit go back $4.50. Derivatives data show APT futures open interest rise 0.71% reach $368.6 million and volume drop 3.5% to $345.9 million, mean say traders still believe well well. On-chain developments like di Devnet launch of Decibel Trading Protocol and over $720 million for real-world asset tokenization with partners like BlackRock fit help absorb new supply and reduce volatility.
Neutral
Di komot wey go unlock 11.31 million APT tokens fit bring selling pressure wey fit test key support levels. But correct technical indicators—like neutral-to-bullish RSI and buy-zone moving averages—and solid on-chain developments like Decibel Trading Protocol launch and over $720M for RWA tokenization dey give strong fundamentals. Derivatives data show say traders still dey steady, meaning say volatility no go too much. Short term, price fit dey trade between $4.50 and $5.00. Long term outlook remain good if demand fit absorb the new supply.