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Cryptocurrency market participants closely follow token unlock events. According to the Token Unlocks platform, the upcoming week will see token unlocks worth $338.27 million. Tomorrow, a significant unlock event for the native token HFT of the popular decentralized cryptocurrency exchange Hashflow should be carefully monitored.
Final Hours for Hashflow
Token Unlocks platform data indicates that next week, the cryptocurrency market will witness token unlocks valued at $338.27 million, with the largest event involving the decentralized cryptocurrency exchange Hashflow, valued at $5.95 million.
The event, taking place tomorrow (March 7) at 03:00 AM, will release an amount of HFT tokens that represents 3.77% of the total HFT supply. Investors are eagerly awaiting the event, and at the time of writing, the HFT token was trading at $0.435. The HFT token unlock event stands out as the most valuable of the week.
HFT Chart Analysis
The daily HFT chart shows a rising channel formation. The intact support and resistance levels within this formation seem to have provided crucial hints to many investors. The recent price drop found support near the EMA 200 (red line), leading to a price recovery, but staying below the EMA 9 (blue line) could cause HFT’s price momentum to wane in the short term.
The most important support levels to watch on the daily chart for HFT are, in order; $0.4199, $0.4016, and $0.3841. A daily bar close below the $0.4199 level, which intersects with the EMA 21 (green line), could lead to a loss of momentum for the HFT price.
The most important resistance levels to monitor on the daily chart for HFT are, in order; $0.4526, $0.4749, and $0.5082. A daily bar close above the $0.5082 level, which has been a significant resistance during the last uptrend, could help HFT’s price gain momentum.
