Cryptocurrency market investors are keenly observing token unlock events. According to the Token Unlocks platform, which shares token unlock data with its users, tokens worth $450.15 million will be unlocked in the coming seven days. Today, the local token of CyberConnect, a company working on social media platforms in the Web3 space, will have its CYBER token unlock event, which should be closely monitored.
CYBER Token Unlock
Based on data provided by Token Unlocks, which shares token unlock events with its users, token unlocks worth $450.15 million will occur next week, marking some of the largest token unlock events recently. Among these unlocks, the local token of CyberConnect, which is active in the Web3 space focusing on social media platforms, will have its CYBER token unlock event, and it should be closely monitored.
The event happening today (April 14) at 23:00 will unlock an amount of CYBER tokens that represents 5.98% of the total supply, with a market value of $7.63 million. Investors are eagerly watching the countdown to the event, and at the time of writing, the CYBER token was trading at $8.60. The CYBER token unlock event is one of the most notable in the coming days.
CYBER Chart Analysis
The daily CYBER chart provided significant clues to investors with its rising channel formation until April 12. However, the price drop on April 12 broke the support line, leading to significant losses. Yet, finding support at the EMA 200 (red line) could signal a significant long-term momentum for CYBER.
The most important support levels to watch on the daily CYBER chart are; $8.11, $7.53, and $6.89 respectively. A daily bar close below the crucial support level of $8.11, especially after the recent break, could lead to a loss of momentum for the CYBER price.
The most important resistance levels to watch on the daily CYBER chart are; $8.78, $9.37, and $10.17 respectively. A daily bar close above the $10.17 level, which acted as support on the evening of April 12, will likely boost the momentum of the CYBER price.
