Aptos [APT] unlocked 4.5 million tokens, but how did the price react to it?
At press time, APT traded at $13.04. Following the token unlock, APT’s price began to decline and has since shed 6% of its value.
In January, APT’s price surged astronomically to peak at $19.81 on 30 January. Unfortunately, buying momentum declined, causing APT to drop from this all-time high. The downtrend in APT’s Relative Strength Index and Money Flow Index in the past few weeks showed a significant decline in buying momentum.
With a waning accumulation trend, the Directional Movement Index revealed that sellers were regaining control of the APT market.
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