Token Unlockings and ID Token Analysis

According to important data determined by the Token Unlocks platform in the cryptocurrency ecosystem, a $212.47 million token lock will be unlocked next week. Among these events, the release of the local token of Space ID, the ID token, is also included. The unlocking of the ID token will release 18.23% of the total supply, equivalent to a market value of $89.47 million. Critical Event for ID The unlocking event of the ID token is closely followed with great interest by investors. On the determined date, the market value of the ID token and the amount to be released have significant importance for investors. While the market effects of the unlocking of the token are a topic of curiosity, investors are closely monitoring these developments. ID Technical Analysis Although an ascending channel formation has been observed in the ID token graph in recent times, this structure became invalid with a […]

Token Unlockings and ID Token Analysis

According to important data determined by the Token Unlocks platform in the cryptocurrency ecosystem, a $212.47 million token lock will be unlocked next week. Among these events, the release of the local token of Space ID, the ID token, is also included. The unlocking of the ID token will release 18.23% of the total supply, equivalent to a market value of $89.47 million.

Critical Event for ID

The unlocking event of the ID token is closely followed with great interest by investors. On the determined date, the market value of the ID token and the amount to be released have significant importance for investors. While the market effects of the unlocking of the token are a topic of curiosity, investors are closely monitoring these developments.

ID Technical Analysis

Although an ascending channel formation has been observed in the ID token graph in recent times, this structure became invalid with a break of the support. Also, falling below the EMA 200 level brings a negative scenario into the short term. Critical support levels for ID are determined as $1.03, $0.98, and $0.91, while the resistance levels draw attention at $1.22, $1.34, and $1.42.

These levels, important for ID’s price movements, can guide investors’ buying and selling decisions. Especially, a closing below the $0.98 support level can cause the price to lose momentum, while a closing above the $1.22 resistance level can lead to an increase in ID’s value.

As a result, in addition to the unlocking of the ID token, technical analyses and the determined support-resistance levels provide important information for investors to plan their future moves.

how to buy crypto?
Related Posts

Token Lock Releases and the Market Impact of ID Token

News 1 month ago

The cryptocurrency ecosystem closely monitors token lock release events, especially with great attention. Within the next week, it is indicated that token lock releases worth approximately $45.80 million will take place. These events can significantly affect market fluctuations. Particularly, ID, the local token of the Space ID platform that provides domain services in blockchain networks, is one of the key tokens that investors keep an eye on. ID Token Lock Release The lock release of the ID token, which will show an increase in supply of approximately 4.29%, will take place on April 22 at 03:00. This event can affect the market value of the ID token and the interest of investors in this token. Currently, the token is trading at $0.849 level and investors are closely monitoring this process. ID Chart Analysis According to the four-hour chart analysis of the ID token, an exit from the falling channel formation […]

Analysis of XRP Coin on SEC Lawsuit and Market Impacts

News 1 month ago

The ongoing legal process with the SEC has been affecting the market evaluations of XRP coin. Lawyers are set to present their appeals on Monday. Experts indicate that the increase in circulation supply will make it difficult for XRP to reach its former highs. Nevertheless, the recent short-term recovery in its price is promising. Market Dynamics and Price Movements Following recent losses, XRP has risen by 5.55% to $0.53. While its losses were greater compared to other cryptocurrencies, it is currently showing signs of recovery. Legal evaluations, court documents, and other details may positively or negatively impact XRP’s price in the future. Throughout 2024, the market has been on the rise while XRP has been lagging behind other altcoins. It lost 15% this year, while Bitcoin showed a 35% increase. This underperformance of XRP has prevented its growth even in high-risk appetite days. Investor Interest and Expectations Some investors may […]

The Strong Structure of Cardano (ADA) Treasury and ADA Coin Price Predictions

News 1 month ago

Cardano’s (ADA) treasury holds 1.5 billion ADA, which accounts for more than 4% of the circulating supply and is worth around $720 million with the current market value. These funds in the treasury are used to support the ecosystem and finance new projects. The Cardano ecosystem aims to create a self-sustaining structure using this balance. Features of the Cardano Ecosystem Cardano has a decentralized structure and allows ADA owners to vote democratically. This structure strengthens decentralization and democratic governance. The funds in the treasury increase through network activity, and a portion of transaction fees and block rewards accumulate in the treasury. The community votes on the use of these funds to finance projects. However, despite the expansion of Cardano’s smart contract capabilities, the number of applications that attract a significant and large user base on the network remains insufficient. The Future of ADA Coin According to technical analysis expert Ali […]

0 Comment

Write a Comment

how to buy crypto?
  • USD
  • EUR
  • GBP
  • AUD
  • JPY
  • bitcoinBitcoin(BTC)
    $69,799.00-1.32%
  • ethereumEthereum(ETH)
    $3,710.07-2.72%
  • tetherTether(USDT)
    $1.00-0.04%
  • binancecoinBNB(BNB)
    $616.17-0.37%
  • solanaSolana(SOL)
    $180.861.17%
  • staked-etherLido Staked Ether(STETH)
    $3,708.33-2.66%
  • usd-coinUSDC(USDC)
    $1.00-0.06%
  • rippleXRP(XRP)
    $0.53-3.22%
  • dogecoinDogecoin(DOGE)
    $0.165023-4.17%
  • the-open-networkToncoin(TON)
    $6.30-1.59%
Random