Cryptocurrency market investors closely follow token unlock events. According to the Token Unlocks platform, next week will see $454.94 million worth of token unlocks. Tomorrow, the unlock of the native token STRK of the popular Ethereum Layer-2 network Starknet is an event that should be closely monitored.
STRK Token Unlock Event
According to data on the Token Unlocks platform, next week the crypto market will witness token unlocks worth $454.94 million, with one of the largest events involving Starknet’s native token STRK valued at $95.36 million.
The event, taking place tomorrow (April 15) at 03:00 AM, will release a quantity of tokens equivalent to 8.79% of STRK’s total supply. As the event approaches, investors are waiting eagerly, and at the time of writing, the STRK token was trading at $1.49. The STRK token unlock event stands out as one of the most valuable of the week. During this event, the distribution of unclaimed tokens from the STRK airdrop event is also planned.
STRK Chart Analysis
The four-hour STRK chart shows a descending channel formation that provides important clues for investors, with breaks in the support line acting as bear traps. After the most recent support touch, STRK continues to trade above the EMA 9 (blue line), which could indicate a significant momentum gain in the short term.
The most important support levels to monitor on the four-hour chart for STRK are; $1.468, $1.385, and $1.279, respectively. A four-hour bar close below the $1.279 level could trigger a bearish pattern and cause STRK’s price to lose momentum.
The most important resistance levels to watch for STRK on the four-hour chart are; $1.539, $1.752, and $1.918, respectively. A four-hour bar close above the $1.752 level, which is above the Ichimoku level (purple line), could lead to an increase in the price of STRK.
