Magic Eden Unlock Could Impact NFT Market Dynamics
- Upcoming Unlock Event: Magic Eden is set to unlock approximately 172.03 million ME on June 10, 2026, representing 17.2% of total supply, which could lead to liquidity tightening and affect NFT trading sentiment.
- Supply-Demand Imbalance Risk: In this unlock, contributors will receive about 94.3% of ME, potentially creating selling pressure, especially in a low liquidity environment, which may exacerbate price volatility.
- Changing Market Expectations: Historical data indicates that similar unlock events have led to price declines of around 20.2% within 14 days post-unlock, highlighting the market's sensitivity and potential negative impacts surrounding such events.
- Importance of Liquidity Monitoring: Traders should closely monitor on-chain transfers from known recipient wallets and order book depth on major pairs to assess whether the market can absorb the new supply and avoid price dislocation.
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Technical Analysis for ORDER
Technical Sentiment Analysis for Orderly Network (ORDER). As of , Orderly Network (ORDER) is exhibiting a Neutral technical sentiment. Our proprietary analysis, which aggregates 8 technical signals, shows that 4 indicators are flashing buy, while 4 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status. Currently, the Relative Strength Index (RSI) for ORDER 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, ORDER 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 $-.
Orderly Network (ORDER) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 0.0202 | 0.0279 | 0.0353 | 0.043 | 0.0504 | 0.0581 | 0.0656 |
| Fibonacci | 0.0279 | 0.0337 | 0.0372 | 0.043 | 0.0488 | 0.0524 | 0.0581 |
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