After unlocking $51 million in Aptos Tokens, pressure has doubled, and APT may lose key support.

On August 13, Aptos (APT) completed the unlocking of 11.31 million tokens, worth approximately 51 million USD, significantly increasing the circulating supply. This event, combined with a weak market and profit-taking sentiment, is intensifying the selling pressure on APT, which may face the risk of losing key support in the short term.

Unlocking and Market Reaction: Sell Pressure Rapidly Amplifies

(Source: Santiment)

After the unlock, the APT price fell to around 4.8 dollars, accompanied by a 10% increase in trading volume (Santiment data).

Volume increase + price decrease: indicates seller dominance, dumping pressure stronger than buying interest.

Long/Short Ratio: The 1-hour chart shows 0.69 (Coinglass data), with short positions significantly outnumbering long positions, reflecting a strong bearish sentiment in the market.

This means that many traders are betting that the APT price will continue to decline.

Technical Analysis: 20 Day EMA as the Bull-Bear Watershed

(Source: Trading View)

APT is currently testing the 20-day Exponential Moving Average (EMA), a crucial position for the short-term trend:

Hold the 20-day EMA: Buyers may enter here, pushing the price up to the resistance level of 5.01.

Break below the 20-day EMA: Bears will have complete control over the market, and the price may quickly drop to the support level of $4.52.

20 Day EMA Interpretation:

Above the moving average → momentum is bullish, potential upward trend

Below the moving average → Momentum weakens, market sentiment is bearish.

Short-term outlook: Risk is bearish, rebound requires volume support

From a technical and emotional perspective, APT is under short-term pressure:

Negative factors: New supply from unlocking, advantages of short positions, and increased trading volume accompanied by price declines.

Bullish factors: If the 20-day EMA holds, it may attract bottom-fishing funds to enter the market, driving a short-term rebound.

Investors need to pay attention to whether the 4.52 dollar support level is effectively held, as this will determine whether APT will further decline or stabilize and rebound.

Conclusion

Aptos faces dual pressure from increased supply and a shift in market sentiment to bearish after the unlocking of $51 million in tokens. The short-term trend will depend on the gains and losses of the 20-day EMA, as well as the changes in bullish and bearish forces. For traders, this is a critical moment to observe the performance of support levels and changes in trading volume.