6 Cryptos To Stay Cautious Of As $177M Token Unlocks Approach
- $177M Worth Crypto Unlocks Ignite Investor Concerns: Six altcoins, including Aptos, Xai, Immutable, Ethena, io.net, and Hashflow, are facing token unlocks worth $177 million, causing worries among investors due to increased supply.
- Aptos (APT): Aptos is set for a token unlock of 11.31 million APT on July 12, equivalent to 2.49% of the circulating supply, valued at $63.33 million.
- Xai (XAI): Xai will experience an unlock of 198.40 million XAI on July 9, representing 71.59% of the total circulating supply, valued at $56.55 million.
- Immutable (IMX): Immutable will see an unlock of 32.47 million IMX on July 12, equal to 2.15% of the circulating supply, valued at $40.59 million.
- io.net (IO): io.net is preparing for an unlock of 2.87 million IO on July 11, which is 3.02% of the circulating supply, valued at $5.98 million.
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Technical Analysis for IO
Technical Sentiment Analysis for io.net (IO) As of , io.net (IO) is exhibiting a Neutral technical sentiment. Our proprietary analysis, which aggregates 5 technical signals, shows that 2 indicators are flashing buy, while 3 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status Currently, the Relative Strength Index (RSI) for IO stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the stock.
Support, Resistance & Moving Averages From a structural perspective, IO is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.
io.net (IO) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 0.0294 | 0.0592 | 0.0884 | 0.118 | 0.147 | 0.177 | 0.206 |
| Fibonacci | 0.0592 | 0.0817 | 0.0957 | 0.118 | 0.141 | 0.155 | 0.177 |
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