In the cryptocurrency market, one of the most closely watched data points by investors is undoubtedly token unlock events. According to the Token Unlocks platform, $273.74 million worth of tokens will be unlocked next week. Tomorrow, the unlock event for Aptos’ native token APT, a popular blockchain network, is an event to watch closely.
Aptos Unlock Event
According to data on the Token Unlocks platform, $274.74 billion worth of tokens will be unlocked in the cryptocurrency market next week, with the largest event being the $69.44 million unlock of Aptos’ native token APT.
The event, scheduled for tomorrow (July 12) at 17:00, will see the release of tokens amounting to 2.49% of the total APT token supply. As the event approaches, investors are eagerly waiting, and at the time of writing, the APT token was trading at $6.14. The APT token unlock event is the most valuable token unlock event of the week.
APT Chart Analysis
Trading at $19 on March 26, APT has lost nearly 70% of its value due to the recent downtrend. For APT, the most important resistance level currently is the EMA 9 average on the daily chart. The acceleration of the downtrend has prevented the formation of a healthy structure.
The most important support levels to watch on the daily chart for APT are $5.96 and $5.30. A daily bar close below $5.30 could create new selling pressure for APT. However, a double bottom at the $5.30 level could play a significant role in gaining momentum for the APT price.
The most important resistance levels to watch on the daily chart for APT are $6.55 and $7.44. A daily bar close above $7.44 would set the first target at the EMA 200 average of $9.92. Investors may also need to monitor the EMA 9 and EMA 21 levels during this period.
