The post Aptos Faces Potential Downward Trend as Technical Signals and Market Sentiment Weaken appeared on BitcoinEthereumNews.com.

Aptos (APT) faces increasing bearish sentiment as its technical patterns and upcoming token unlock raise concerns over a potential price drop. The critical unlocking event on February 10, 2025, is expected to introduce selling pressure, complicating APT’s recovery efforts. According to COINOTAG data, “A significant influx of unlocked tokens could lead to volatility, prompting traders to reassess their positions.” Aptos (APT) is under pressure as market conditions point to potential price declines, with an upcoming token unlock and dwindling interest suggesting further challenges. The unlocking event: Opportunity or risk? Scheduled for February 10, 2025, the unlocking of 11,310,000 APT tokens will escalate the circulating supply by 1.98%. Historical trends indicate that such events often trigger selling pressure, as early investors typically seize the opportunity to realize profits. For Aptos, this increase poses a challenge to its current price stability. However, if the demand remains robust, the price may stabilize or attract buyers even at lower levels. Market participants are advised to monitor trading volumes closely to gauge market sentiment leading up to and following the unlocking event. APT’s technical outlook: Where is it headed? The price chart for Aptos reveals a concerning head-and-shoulders pattern, which suggests potential downside risks. The neckline at $8.05 is a critical support level; any breach could solidify an impending decline toward $4.30. Nevertheless, a sustained close above $10.50 might invalidate this bearish setup and rekindle bullish dynamics. As current price movements reflect market hesitation, traders are on edge, waiting for a decisive breakout or breakdown in subsequent trading sessions. Source: TradingView Is interest fading? The latest social metrics indicate a troubling trend for Aptos, with its Social Dominance plummeting to 0.064% and social volume recorded at just 4, significantly below past peaks. This drop underscores a diminishing curiosity among retail traders and the wider crypto…

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Filed under: News - @ January 26, 2025 8:19 pm