Currently, APT trades at $8.36, reflecting a 2.61% increase in the last 24 hours, despite bearish signals influencing sentiment. The market’s sentiment remains fragile, prompting concerns over its stability and potential declines.
The unlocking of 11,310,000 APT tokens on February 10, 2025, poses risks to price stability as historical trends indicate potential selling pressure. Market participants are monitoring trading volumes during this event closely.
Analysis revealed a head-and-shoulders pattern, with the pivotal support level at $8.05. Breaching this could signal a decline towards $4.30, while remaining above $10.50 could help regain bullish momentum.