Over $65M in Token Unlocks This Week: ZRO, SPK Lead Largest Releases
- Total Token Unlocks: This week (June 15-21) saw over $65 million in token unlocks, with ZRO leading at $23.16 million and SPK following closely at $17.83 million, potentially creating short-term selling pressure on the market.
- Impact of SPK Unlock: SPK's unlock of 900 million tokens on June 17 represents 27.08% of its circulating supply, a significant percentage that could lead to increased market volatility, prompting investors to monitor market reactions and the selling intentions of holders.
- Significance of ZRO Unlock: Although ZRO's unlock accounts for only 4.83% of its circulating supply, its $23.16 million value makes it a critical event this week, necessitating close attention from traders regarding its price action and trading volume changes.
- Market Dynamics Analysis: The cumulative effect of multiple token unlocks can amplify market movements, especially in a crypto market sensitive to supply dynamics, leading investors to assess each project's tokenomics and community sentiment to inform their trading strategies.
Get Real-Time Alerts for Any Crypto Movement
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 5 technical signals, shows that 2 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 | 0.00177 | 0.00197 | 0.00218 | 0.00238 | 0.00259 | 0.00278 | 0.00299 |
| Fibonacci | 0.00197 | 0.00212 | 0.00222 | 0.00238 | 0.00253 | 0.00263 | 0.00278 |
About TOKEN
About the author
