Aptos (APT) Poised for Price Surge Ahead of Major Token Unlock, Analysts Predict Potential Highs

Aptos (APT) might be on the verge of a price boost. With just two days until a major token unlock, the excitement is building. In the last week, APT’s price has jumped by 20%, getting close to that $10 mark.

But here’s the thing: some investors are still looking for more. Analysts believe that the upcoming token unlock could help APT reach its yearly high from March. People are watching closely, anticipating what might happen after the unlock.

According to data from Token Unlocks, Aptos plans to release 11.31 million tokens on October 11. That’s about 2.25% of its total supply. At the current price, those tokens are worth nearly $100 million.

Token unlocks are a key part of a project’s schedule. They allow previously locked tokens to enter circulation. This process is meant to manage how tokens are distributed and to lessen their potential impact on prices.

However, when a lot of tokens are unlocked at once, it can lead to increased price volatility. Sometimes, this results in significant price drops.

Now, let’s talk about price predictions. Some analysts are targeting $12 for APT. Looking at the daily chart, there are some positive signs, especially with the Bull Bear Power (BBP) indicator.

The BBP measures how strong buyers (the bulls) are compared to sellers (the bears). When the BBP goes up, it shows that buyers are in control, which can push prices higher. If it drops, that means sellers are taking charge.

The daily chart shows that the BBP has been rising consistently. This suggests Aptos could break above $9.10. There’s some resistance at $9.40, which has kept it from hitting $10. But with support at $8.53 and strong buying interest, APT might still break through.

If the bulls keep pushing, APT’s price could rise by 35%, potentially reaching around $12.70. In a really optimistic scenario, it might even hit $16.53, although that seems unlikely before the unlock event.

On the flip side, if investors start taking profits, APT’s price could fall. A sudden increase in supply might push the price down to $7.58.