Major Token Unlocks This Week: $68M in AVAX, APT, CONX, STRK, and ARB
- Unlock Schedule: According to Tokenomist, from May 11 to 17, tokens worth over $68 million will be unlocked, with Avalanche (AVAX) releasing 1.67 million tokens ($17.25 million) on May 12, representing 0.31% of its circulating supply.
- Market Impact Analysis: Although the CONX unlock has the highest dollar value at $17.95 million, it only accounts for 1.49% of its circulating supply, while STRK's unlock, despite being lower in dollar terms at $6.62 million, represents 4.05% of its circulating supply, potentially leading to greater market volatility.
- Investor Considerations: Token unlocks are often tied to vesting schedules for team members, early investors, and ecosystem development funds, prompting investors to monitor the relationship between unlock size and daily trading volume to assess potential price pressure and arbitrage opportunities.
- Market Psychology Impact: While not all unlocked tokens are immediately sold, as many may be held by long-term stakeholders or used for operational purposes, the availability of these tokens can still influence market psychology, requiring investors to approach upcoming unlock events with caution.
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Technical Analysis for TOKEN
Technical Sentiment Analysis for TokenFi (TOKEN). As of , TokenFi (TOKEN) is exhibiting a Neutral technical sentiment. Our proprietary analysis, which aggregates 6 technical signals, shows that 3 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 | 0.00205 | 0.00251 | 0.00296 | 0.00342 | 0.00386 | 0.00432 | 0.00477 |
| Fibonacci | 0.00251 | 0.00285 | 0.00307 | 0.00342 | 0.00376 | 0.00398 | 0.00432 |
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