Blackrock, the world's largest asset manager, has expanded its tokenized money fund to include Move-programmed Apots (APT) on other blockchains. This led to speculation that the price of Aptos tokens would increase. However, the price initially climbed but has since dropped by 6.33%. This drop is likely due to a decrease in Open Interest (OI), which suggests that the market trend is losing momentum. The Chaikin Money Flow (CMF) indicator also indicates selling pressure outweighing buying pressure. The price faces resistance at $13.72 and support at $10.43, with the possibility of dropping even lower to $9.85 if trading volume and buying pressure continue to decline. On the other hand, if buying pressure increases, the price could bounce back to $14.13.



Other News from Today