Investors closely monitor token unlock events, with the upcoming week expecting $450.15 million worth of token unlocks. Of particular note is CyberConnect’s CYBER token unlock event, drawing significant attention.
Cryptocurrency market investors are closely watching token unlock events. According to Token Unlocks platform, which provides data on token unlocks, tokens worth $450.15 million will become available in the next seven days. Today, all eyes are on CyberConnect’s native token CYBER, as its token unlock event takes center stage. This event holds particular importance for social media platforms operating in the Web3 space.
Token Unlock Event Alert: $450.15M Unlocks Expected
Data from Token Unlocks indicates that the upcoming week will witness one of the largest token unlock events, valued at $450.15 million. Among these unlocks, the event for CyberConnect’s native CYBER token, active in the Web3 social media space, should be closely monitored.
CYBER Token Unlock Event Details: Today, April 14, at 23:00, an event will release CYBER tokens equivalent to 5.98% of its total supply, with a market value of $7.63 million. As the event approaches, investors are eagerly watching, with the CYBER token currently trading at $8.60. This token unlock event stands out as one of the most significant in the coming days.
Analyzing CYBER Price Movement: Key Levels to Watch
The daily chart for CYBER provided significant insights to investors until April 12, showing a rising channel formation. However, the price drop on April 12 broke the support line, resulting in significant losses. Yet, finding support at the EMA 200 (red line) level could signal long-term momentum for CYBER.
On the daily chart for CYBER, key support levels to watch are $8.11, $7.53, and $6.89, respectively. A daily bar close below the crucial $8.11 support level, particularly after the recent break, could signify a loss of momentum for the CYBER price.
Important resistance levels to monitor on the daily chart for CYBER 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, would help CYBER gain momentum.
Important: Please note that this article is only meant to provide information and should not be taken as legal, tax, investment, financial, or any other type of advice.
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