- APT is stuck in a falling wedge and could break above $4.40 to start a fresh rally.
- MACD crossover and rising RSI show buying interest is picking up.
- A big $29M token unlock on Sept 11 could shake things up but doesn’t change the long-term outlook.
Aptos (APT) is gaining attention as it trades inside a bullish falling wedge, while a massive $29M token unlock approaches. With price and volume ticking higher, traders are eyeing a potential breakout that could trigger a strong midterm rally.
APT Eyes a Breakout After Weeks of Consolidation
Aptos (APT) has been quietly building momentum inside a classic descending wedge pattern on the daily chart. The price is currently around $4.38, up nearly 3% in the past day and steady over the week. This wedge has been forming since late 2024 and usually signals a potential reversal once the price breaks above the upper resistance line.
Since its peak near $15, APT has been on a downward slide, but strong support around $3.20 to $3.50 has held up. Lately, the price has hovered between $4.20 and $4.40, testing resistance multiple times but failing to break out just yet. Traders are now watching closely for that breakout — it could lead to a significant rally.
Technical Signals Point to Growing Buying Power
On the 4-hour chart, the technicals look promising. The MACD line moved above the signal line — a good sign buyers are stepping in. The RSI is currently around 63, still well below overbought levels, meaning there’s room for the price to climb higher.
Volume has been steady, showing consistent market interest without exhaustion. A volume spike paired with a break above $4.40 would give the green light for a stronger upward move.
Watch Out for the September 11 Token Unlock
On September 11, over 11 million APT tokens worth about $29 million will unlock. These tokens belong to insiders like the team, investors, and community members. This kind of unlocking can cause selling pressure and short-term volatility,however the actual impact depends on how these holders behave.
Compared to other projects with smaller unlocks, Aptos’ token release is a standout, with a large Capitalization value.
If APT manages to break above the wedge’s resistance, the technical target sits near $9.30 — more than double the current price. With solid support holding and momentum indicators turning positive, Aptos could be gearing up for a nice midterm rally.
