Bitcoin Gains 4.66% This Week Amid Upcoming Altcoin Unlocks
- Bitcoin Price Movement: Bitcoin's price increased by 4.66% this week, demonstrating market resilience despite negative news from Kevin Hassett's withdrawal from the Fed chairman race and Trump's new tariffs on the EU.
- Token Unlock Schedule: Upcoming token unlocks include Merlin Chain and Yooldo, with the latter unlocking $18.97 million, representing 27.61% of its market value, which is expected to significantly impact market liquidity.
- Market Dynamics: The unlocking of various tokens, particularly LayerZero and Humanity with unlock amounts of $42.70 million and $24.13 million respectively, is likely to trigger market volatility and influence investor sentiment.
- Investor Attention: Analyst Dan Tapiero's Bitcoin price prediction has garnered attention, indicating market expectations for future trends, especially with the upcoming token unlock events likely to attract more investor interest.
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Technical Analysis for TOKEN
Technical Sentiment Analysis for TokenFi (TOKEN). As of , TokenFi (TOKEN) is exhibiting a Sell technical sentiment. Our proprietary analysis, which aggregates 3 technical signals, shows that 0 indicators are flashing buy, while 3 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status. Currently, the Relative Strength Index (RSI) for TOKEN stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the crypto.
Support, Resistance & Moving Averages. From a structural perspective, TOKEN is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.
TokenFi (TOKEN) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 0.00226 | 0.00266 | 0.00297 | 0.00337 | 0.00368 | 0.00407 | 0.00438 |
| Fibonacci | 0.00266 | 0.00293 | 0.0031 | 0.00337 | 0.00364 | 0.0038 | 0.00407 |
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