Upcoming Token Unlockings and Optimism move the Crypto Market

Investors closely watch token unlocking events in the cryptocurrency world, which will be worth $345.27 million next week. The largest share of these events will belong to Ethereum Layer-2 project Optimism with $90.11 million. Investors are advised to be cautious due to potential losses. Optimism Unlock During the Optimism unlock on March 29th, 2.40% of the total supply of OP tokens will be released to the market. While investors eagerly await this event, the price of the OP token was trading at $3.71 at the time of writing this article. OP Chart Analysis The rising channel formation is seen on Optimism’s two-hour chart. The price staying below the EMA 200 level may indicate a loss of momentum in the short term. The support levels to be monitored are $3.697, $3.650, and $3.615, and the resistance levels are $3.741, $3.771, and $3.808. Breaking the level of $3.771, intersecting with EMA 200, […]

Upcoming Token Unlockings and Optimism move the Crypto Market

Investors closely watch token unlocking events in the cryptocurrency world, which will be worth $345.27 million next week. The largest share of these events will belong to Ethereum Layer-2 project Optimism with $90.11 million. Investors are advised to be cautious due to potential losses.

Optimism Unlock

During the Optimism unlock on March 29th, 2.40% of the total supply of OP tokens will be released to the market. While investors eagerly await this event, the price of the OP token was trading at $3.71 at the time of writing this article.

OP Chart Analysis

The rising channel formation is seen on Optimism’s two-hour chart. The price staying below the EMA 200 level may indicate a loss of momentum in the short term. The support levels to be monitored are $3.697, $3.650, and $3.615, and the resistance levels are $3.741, $3.771, and $3.808. Breaking the level of $3.771, intersecting with EMA 200, could contribute to the rise in the OP price.

Optimism unlock is an event that needs to be closely monitored in the market, and such events have a serious impact on the crypto markets. Investors need to be prepared for market fluctuations during these periods and carefully consider their investment decisions.

This situation can affect investment strategies in the cryptocurrency world and requires real-time tracking of market movements. In addition to unlockings, technical analyses and market dynamics also need to be closely monitored for investors.

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