Aptos drops almost 12% after BuzzlamicJihad’s departure and token sale

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Aptos slides 11.98% today on advisor exit

Highlights

BuzzlamicJihad ended his one-year advisory contract with Aptos, confirming the sale of his APT token holdings.
Sources have partially linked recent APT declines to BuzzlamicJihad's exit, with no other major company or regulatory changes reported.
APT/USD trades below key moving averages, with momentum and oscillators indicating downside pressure and a 5-day range of $0.5179 to $0.6695.

Token sales by former advisor amplify outflow-driven sentiment shift

Former Aptos advisor BuzzlamicJihad ended his one-year contract and exited his advisory position, describing the departure as mutual. Buzz confirmed selling his APT token holdings and indicated he will no longer participate in meme-driven campaigns tied to the project. Sources have partly attributed recent price declines to this announcement, although no other significant corporate or regulatory events were confirmed during the period.

Anton Kharitonov, expert at Traders Union, observes that APT remains under heavy selling pressure after the advisor's exit and token sales. He notes that price action is strongly bearish, with APT trading well below critical moving averages and no clear support from indicators. Momentum readings and a negative BBP reflect both fundamental and technical weakness. Kharitonov questions the project’s ability to restore investor confidence in the short term. He states, “Sustained downside pressure and lack of bullish catalysts make any near-term reversal unlikely.”

Viktoras Karapetjanc, expert at Traders Union, interprets the advisor’s departure as a temporary sentiment setback rather than a structural risk. He highlights the absence of negative regulatory or corporate news beyond the token sale disclosure. Karapetjanc is confident that APT’s long-term potential remains intact despite the current volatility. He asserts, “As soon as market sentiment stabilizes, the bullish structure for APT offers fresh opportunities for growth.”

Parshwa Turakhiya, analyst, sees short-term volatility suggesting tactical trading opportunities. Turakhiya highlights the oversold condition on many momentum indicators as an area to watch for possible bounces within the established range. However, he remains alert to further downside if APT breaches the $0.5179 level. He advises, “In the current setup, quick reactions to shifting intraday momentum around support and resistance are critical.”

Persistent bearish signals as momentum weakens below technical floors

APT/USD is trading below its 20-day ($0.7866), 50-day ($0.7557), and 200-day ($0.7397) moving averages, reflecting sustained downside pressure across short-, medium-, and long-term trends. The nearest resistance is the near-term ceiling at $0.6491, while the near-term floor lies at $0.5179; the bullish alignment of the 50-day and 200-day averages provides only distant confirmation of a broader trend. Momentum indicators are subdued. The Moving Average Convergence Divergence (MACD) signals sell, and the Average Directional Index (ADX) is neutral, indicating trend weakness. Relative Strength Index (RSI) is 43.11 and points to selling pressure, with the Stochastic RSI and Commodity Channel Index (CCI) both signaling oversold conditions. Bull/Bear Power (BBP) is negative, showing intraday dominance by sellers alongside oversold signals. The Awesome Oscillator (AO) confirms the bearish tone. Today, the price fell to $0.6163, sliding 0.0839 or 11.98% with a modest upside gap of about 0.06%. APT/USD is holding near its session low; intraday volatility stands at 9.04%. The tone is weak, with persistent pressure after the open. Short-term oscillators and momentum signals are largely aligned to the downside.

Earlier, analysts noted that despite protocol improvements, Aptos was experiencing persistent downside momentum with negative technical signals dominating its short-term outlook. The current article strengthens this bearish view with confirmation of fresh lows following the advisor's exit and highlights $0.5179 as the next critical level traders should monitor for potential further downside.

Source of Data: APT Price Analysis by TU

The analysis is based on a proprietary model combining technical, on-chain, and expert data. Not investment advice. See methodology

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