Aptos (APT) has risen more than 3% in the last 24 hours and 5.3% over the past week, but remains 13% below its levels from 30 days ago. This movement comes ahead of a token unlock worth $59 million scheduled for tomorrow, which may cause short-term volatility.

Despite the recent recovery, APT continues to trade below its monthly highs, with key resistance and support levels now in focus. Technical indicators are beginning to show bullish sentiment, but the upcoming unlock and overall market sentiment are likely to determine the next significant move.

APT is preparing for a $59 million unlock — will this impact the price?

Aptos is unlocking 11.31 million tokens tomorrow, worth about $59 million. This scheduled event occurs on the 12th of each month.

The distribution includes 3.21 million tokens for the community, 3.96 million for key participants, 1.33 million for the fund, and 2.81 million for investors.

Despite these regular unlocks, 43.5% of the total supply of APT is still locked. Future releases remain a key part of the overall supply structure of the token. Historically, these unlocks have had an inconsistent impact on the price of APT. After the April unlock, the token rose by 3.6% within 24 hours, while the May unlock coincided with a 7.8% drop, indicating a lack of a clear market reaction pattern.

These mixed results suggest that price movements are likely more dependent on overall market sentiment and trading dynamics than on the unlocks themselves.

While tomorrow's event may increase short-term volatility, past data shows that it is not a reliable predictor of price direction.

Directional momentum favors the bulls ahead of the APT unlock.

Aptos shows signs of recovering strength on its DMI chart, where ADX (Average Directional Index) has sharply risen to 29.53 from just 17 a day earlier.

ADX measures trend strength, with values above 25 typically indicating a strong trend has already begun. An increase in ADX suggests rising momentum, even when directional components are changing. +DI is at 27.32, down from 33.85 yesterday. -DI has sharply fallen to 8.52 from 21.72. The wide gap between them shows that bulls still control the situation, even if momentum is slightly cooling.

The Ichimoku Cloud indicator also supports this view. The price is above the cloud, which is a bullish signal. The green Leading Span A is rising, indicating a potential continuation of the trend. The blue Tenkan-sen line remains above the red Kijun-sen, suggesting that short-term momentum is stronger than the medium-term trend. Additionally, the green Chikou Span is above both the price and the cloud, confirming bullish sentiment.

With the cloud ahead turning green and expanding, the chart indicates that support beneath current price actions is strengthening, adding confidence to the bullish setup.

Aptos targets a 'golden cross' with an emphasis on key support.

The EMA structure for APT is adjusting for a potential golden cross, a bullish signal that occurs when short-term EMAs cross above long-term ones.

This cross will confirm the increasing bullish momentum and may set the stage for an upward move to the next resistance levels.

If the upward trend continues, APT may attempt to break above the initial resistance zone and potentially rise higher, supported by improved technical sentiment. However, downside risks remain relevant. The $5 level is a key support that has recently been tested and held, but if this level does not withstand new selling pressure, it may lead to a deeper pullback.

In this case, APT could drop to the $4.83 region, and if bearish momentum intensifies, a fall to $4.44 could occur.

Whether the golden cross materializes and holds is likely to determine the short-term direction of the token.

#BinanceSquare #Write2Earn #MarketRebound #Binance #BinanceAlphaAlert