Aptos (APT) Price Recovers 15% After $2 Billion Market Cap Loss

Aptos (APT) price has risen nearly 15% in the last 24 hours, recovering strongly after its market cap dropped by $2 billion ahead of a $134 million token unlock. Despite recent bearish signals, such as a death cross formation and a 10% price decrease, APT is showing signs of a potential trend reversal.
Indicators like the Ichimoku Cloud and EMA lines suggest bullish momentum could push APT to test levels near $15 if the uptrend continues. However, key support at $13.38 remains critical; a break below this level could lead to a deeper correction.
Aptos Uptrend Is Surpassing Downtrend Indicators
Aptos DMI chart shows its ADX at 32.96, down from 42 yesterday, indicating a weakening in trend strength. This decline follows a strong correction, suggesting that the prior trend is losing momentum.
Despite the drop in ADX, the metric remains above the threshold of 25, which indicates the trend is still moderately strong, albeit less dominant than before.