$APR
I’m still uneasy about APR’s recent price action. It’s now around 0.0561, up about 17%, after climbing from 0.0324 to 0.0609 and then pulling back. Personally, I’m watching 0.050–0.052; if the price breaks below that range, I expect things to get worse. And 0.0609 is the previous peak where it was rejected—I doubt it will retest that level without stronger liquidity.
The reason isn’t purely technical. APR is associated with the aPriori platform, now called Capricorn, and operates in Monad’s liquidity ecosystem. On October 23, around 92 million tokens were unlocked—roughly a third of the supply—which is pressure in itself. The problem is that total value locked is only $250,000, meaning any large move could send the price up or down quickly.
I’m inclined to think buyers won’t absorb all that supply at once, but I could be wrong. This is not investment advice.
#APR #Monad
I’m still uneasy about APR’s recent price action. It’s now around 0.0561, up about 17%, after climbing from 0.0324 to 0.0609 and then pulling back. Personally, I’m watching 0.050–0.052; if the price breaks below that range, I expect things to get worse. And 0.0609 is the previous peak where it was rejected—I doubt it will retest that level without stronger liquidity.
The reason isn’t purely technical. APR is associated with the aPriori platform, now called Capricorn, and operates in Monad’s liquidity ecosystem. On October 23, around 92 million tokens were unlocked—roughly a third of the supply—which is pressure in itself. The problem is that total value locked is only $250,000, meaning any large move could send the price up or down quickly.
I’m inclined to think buyers won’t absorb all that supply at once, but I could be wrong. This is not investment advice.
#APR #Monad