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Token unlock events play a significant role in supporting the supply and demand balance in the crypto market, and investors continue to closely follow these events. According to data provided by Token Unlocks, one of the most important platforms for tracking these events, $196.06 million worth of crypto assets will be unlocked this week.
YGG Token Unlock Event
On June 27, the token unlock event for Yield Guild Games (YGG), an important gaming project in the Ethereum ecosystem, is a must-watch event. According to data provided by Token Unlocks, $196.06 million worth of tokens will be unlocked next week. Among these unlocks is YGG, the native token of Yield Guild Games, an important gaming project in the Ethereum ecosystem.
The event, scheduled for 17:00 tomorrow (June 27), involves an amount equivalent to 4.48% of the total supply of YGG tokens, valued at $9.64 million. As the event approaches, investors are eagerly following the process, with the YGG token trading at $0.578 at the time of writing. The YGG token unlock event is one of the most anticipated token unlocks in the coming days.
YGG Chart Analysis
In the daily YGG chart, the rising channel formation has provided significant insights to investors for a long time. However, with recent developments, the YGG price first broke the formation support line and then fell below the EMA 200 average. With this process, YGG is gathering strength at an important support line, and the EMA 9 average is the most critical resistance level ahead.
The most important support level to watch in the daily chart for YGG is $0.5630. A daily bar close below this level could increase selling pressure on YGG. The most important resistance level to watch for YGG is $0.6824.
