COINTURK NEWSCOINTURK NEWSCOINTURK NEWS
  • Real-Time News Feed
  • Bitcoin
  • Altcoin
  • Ethereum
  • Technology News
  • Advertise
  • Contact
  • TURTURTUR
  • ESESES
Search
© 2024 COINTURK NEWS. All Rights Reserved.
Reading: Significant Token Unlock Events in the Crypto Market
Share
Languages
  • TürkçeTürkçe
  • EspañolEspañol
Font ResizerAa
COINTURK NEWSCOINTURK NEWS
Font ResizerAa
Search
  • Real-Time News Feed
  • Bitcoin
  • Altcoin
  • Ethereum
  • Technology News
  • Advertise
  • Contact
  • TURTURTUR
  • ESESES
Follow US
© 2025 BLOCKCHAIN Information Technologies. >> COINTURK NEWS
Powered by LK SOFTWARE
COINTURK NEWS > Altcoin News > Significant Token Unlock Events in the Crypto Market
Altcoin News

Significant Token Unlock Events in the Crypto Market

In Brief

  • Next week, $345.27 million worth of tokens will be unlocked.

  • Optimism's native token OP unlock is a closely watched event.

  • Investors are advised to be cautious of potential losses.

COINTURK NEWS
COINTURK NEWS 1 year ago
Share
SHARE

Cryptocurrency market investors closely follow token unlock events. According to the Token Unlocks platform, next week will see the unlocking of tokens worth $345.27 million. Tomorrow, the unlock event for the native token OP of the popular Ethereum Layer-2 network Optimism is an event that should be closely monitored.

Contents
Optimism Unlock EventOP Chart Analysis

Optimism Unlock Event

Token Unlocks platform data indicates that the largest event next week in the crypto market will be the unlocking of $90.11 million worth of tokens from the Ethereum Layer-2 project Optimism. Recent token unlock events in Layer-2 ecosystems continue to draw criticism from the crypto community. Investors are advised to be cautious due to concerns of potential losses.

The event, taking place tomorrow (March 29) at 07:00 AM, will unlock an amount of OP tokens that represents 2.40% of the total supply. As the event approaches, investors are eagerly waiting, and at the time of writing, the OP token was trading at $3.71. The OP token unlock event stands out as the most valuable token unlock of the week.

OP Chart Analysis

The rising channel formation is the first notable structure in the two-hour Optimism chart. According to this structure, the absence of any breaks in the support and resistance lines provides important clues to investors. However, the recent correction that left the price below the EMA 200 (red line) could lead to a short-term loss of momentum for the price.

The most important support levels to watch on the two-hour OP chart are, in order; $3.697, $3.650, and $3.615. A two-hour bar closing below the $3.65 level, which intersects with the support line, will cause OP price to lose momentum.

The most important resistance levels to watch on the OP chart are, in order; $3.741, $3.771, and $3.808. A two-hour bar closing above the $3.771 level, which intersects with the EMA 200, will help the OP price gain momentum.

You can follow our news on Telegram, Facebook, Twitter & Coinmarketcap
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.

You Might Also Like

The Altcoin Opportunities That Could Skyrocket Your Portfolio

HYPE Coin’s Surge Captivates Attention with Unprecedented Market Performance

Will Altcoin Investors Witness a Major Boom?

CAKE Coin Surges as New Upgrades Boost Demand

Dive Into Exciting Crypto Trends: Dogecoin and More Lead the Charge

COINTURK NEWS 28 March, 2024 - 3:05 pm 28 March, 2024 - 3:05 pm
Share This Article
Facebook Twitter
Share
Previous Article Top Crypto Analyst Shares Latest Predictions for Major Coins
Next Article Litecoin Investors Experience Cautious Optimism as Prices Rise
Leave a comment

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Stay Connected

8.1k Like
21.1k Follow
1.1k Follow

Latest News

Discover How XRP Maintains Its Strength in a Volatile Market
Ripple (XRP)
Ethereum Surges: Will ETH Finally Break Through?
Ethereum (ETH)
Cryptocurrencies Surge as Future Prospects Look Bright
Technical Analysis
Trump’s Strategic Move: Embracing Bitcoin
Cryptocurrency News
//

COINTURK was launched in March 2014 by a group of technology enthusiasts who believe that Bitcoin will be as important as the internet in the world of the future thanks to the amazing technology underlying it.

CRYPTOCURRENCY LIVE PRICES

  • Bitcoin (BTC) Live Price
  • Ethereum (ETH) Live Price
  • Ripple (XRP) Live Price
  • Solana (SOL) Live Price
  • Dogecoin (DOGE) Live Price
  • Cardano (ADA) Live Price
  • Chainlink (LINK) Live Price

OUR PARTNERS

  • COINMARKETCAP
  • COINGECKO
  • BITCOINHABER
  • BH NEWS
  • 21MILYON
  • NEWSLINKER

OUR COMPANY

  • About Us
  • Cookie Policy
  • Advertising
  • Contact
COINTURK NEWSCOINTURK NEWS
Follow US
© 2025 BLOCKCHAIN Information Technologies. >> COINTURK NEWS
Powered by LK SOFTWARE
Welcome Back!

Sign in to your account

Lost your password?