Aptos (APT) is gearing up for a scheduled token unlock on June 12, set to release 11.31 million APT—valued at approximately $59 million—into circulation. Despite a recent price rebound, APT continues to trade below its monthly highs, and traders are closely monitoring key support and resistance levels as market volatility looms.
The unlock will allocate 3.96 million tokens to core contributors, 3.21 million to the community, 2.81 million to investors, and 1.33 million to the Aptos Foundation. This monthly event, though regular, often sparks debate over its impact on price. Historical data shows mixed outcomes: APT rose 3.6% after April’s unlock, but fell 7.8% following May’s, signaling no consistent market reaction.
With 43.5% of APT’s total supply still locked, the token’s release schedule remains an essential aspect of its economic structure. Yet analysts suggest broader market sentiment and technical trends have greater sway over short-term price movements than unlock events alone.
From a technical standpoint, bullish indicators are beginning to take shape. The Average Directional Index (ADX) surged to 29.53, suggesting a strengthening trend. Meanwhile, the directional indicators (+DI at 27.32 vs. -DI at 8.52) show bulls remain in control, albeit with slightly cooling momentum.
Further supporting a bullish thesis, the Ichimoku Cloud shows APT trading above the cloud, with upward-turning Leading Span A and a positive Chikou Span alignment. This setup signals strengthening support beneath current levels.
A potential golden cross is also emerging in the exponential moving average (EMA) structure—a key bullish formation where short-term EMAs cross above longer-term ones. If confirmed, this could pave the way for APT to retest resistance levels near $5.42 and potentially higher.
However, downside risks persist. The $5 support level, recently validated, remains critical. A break below could send APT tumbling toward $4.83 or even $4.44 if bearish pressure intensifies.
Also Read: Aptos (APT) Eyes Major Breakout: Key Support Holds as Bullish Momentum Builds
As the unlock approaches, investors will watch both the technical setup and overall market sentiment to gauge whether Aptos can sustain upward momentum—or face renewed volatility.
Disclaimer: The information in this article is for general purposes only and does not constitute financial advice. The author’s views are personal and may not reflect the views of CoinBrief.io. Before making any investment decisions, you should always conduct your own research. Coin Brief is not responsible for any financial losses.
