One of the data that investors closely monitor in the cryptocurrency market is token unlock events. According to the Token Unlocks platform, which closely monitors token unlock events, tokens worth $243.58 million will be unlocked in the next seven days. The unlock event of the GLMR token, the native token of the Moonbeam blockchain network, which will take place tomorrow, is an event that needs to be carefully followed.
Last Hours for GLMR
According to the data provided by the Token Unlocks platform, which shares token lock events with its users, a token unlock event worth $243.58 million will take place next week, and the biggest token unlock events of recent times will take place. Among these unlock events is GLMR, the native token of the Moonbeam blockchain network.
The event, which will take place at 03:00 tomorrow (December 11), represents 1.60% of the total supply of GLMR tokens and has a market value of $4.15 million. Investors are eagerly following the process for the event, which is only hours away, while at the time of writing, the GLMR token was trading at $0.326. The GLMR token unlock event is one of the most noteworthy token unlock events in the coming days.
GLMR Chart Analysis
The most important formation structure to follow in the four-hour GLMR chart is the rising channel formation. The presence of both bear and bull traps in this structure indicates that deceptive movements have taken place towards the formation structure. However, the fact that the EMA 200 level worked as support and the price gained momentum here in the support breakout that took place on November 22 is a positive indicator for GLMR.
The most important support levels to follow in the four-hour GLMR chart are respectively; $0.322, $0.312, and $0.302. Especially, the closure of the bar below the $0.322 level, which played an important role in the last correction movement, may cause the GLMR price to face selling pressure. The token unlock event that will take place tomorrow may cause this.
The most important resistance levels to pay attention to on the GLMR chart are respectively; $0.338, $0.351, and $0.364. Especially, the bar closure above the $0.351 level, which could not be passed despite four touches in the last upward move and intersects with the resistance line, will cause the GLMR price to gain momentum.
