Upcoming Token Unlocks: Multiple Altcoins Set to Increase Market Supply
- Unlock Wave Approaching: Several small- and mid-cap crypto projects are set to unlock, with 8.2 million DCB and 85 million PEAQ expected to hit the market, potentially increasing volatility and requiring investor vigilance.
- Supply Ratio Analysis: Decubate (DCB) has released 38.7% of its supply, while peaq (PEAQ) is close to 39%, indicating heightened market sensitivity to upcoming unlocks that could impact short-term price movements.
- High Released Supply Projects: UXLINK and BlueMove have released 71.5% and 72.5% of their supply, respectively, and while the upcoming unlocks are relatively small, they may still exert selling pressure on the market, necessitating cautious strategies.
- Monitoring Market Reactions: With multiple unlock events clustered together, traders need to closely observe price reactions to effectively manage risks, particularly in lower liquidity assets.
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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 stock.
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 | 0.000696 | 0.00175 | 0.00258 | 0.00363 | 0.00446 | 0.00552 | 0.00634 |
| Fibonacci | 0.00175 | 0.00247 | 0.00292 | 0.00363 | 0.00435 | 0.0048 | 0.00552 |
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