Aptos price could record increased volatility this week, with 4.54 million APT tokens worth $23.85 Million due for unlocks on October 12. Ahead of the previous unlocks on September 12, the price dropped 15% but corrected 7% post-event, thus volatility. Large token unlocks typically free up liquidity and increase selling pressure on assets within two weeks of the unlock event.
APT/USDT 1-day chart Conversely, increased buying pressure could send Aptos price north, possibly breaking above the 50-day Exponential Moving Average at $5.59. A decisive candlestick close above this moving average would invalidate the bearish thesis. In a highly bullish case, the gains could extend for APT to hit the $6.22 market value, 20% above current levels.
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