8 Cryptocurrencies To Avoid Trading This Week As Token Unlocks Loom
- Cryptocurrency Token Unlocks:
- Token unlocks are impending in the cryptocurrency market, causing concern about potential price drops.
- $182.20 million worth of tokens are set to be unlocked over the next week.
- Affected Cryptocurrencies:
- ARB, ID, PIXEL, APE, MANTA, RNDR, NYM, and EUL are among the cryptocurrencies facing significant token unlocks.
- Each cryptocurrency is poised for varying amounts of token unlocks, potentially impacting their prices.
- Price Movements:
- Prices of these cryptocurrencies have seen fluctuations ahead of the scheduled token unlocks.
- Traders are cautious due to the increased supply that may lead to bearish trends.
- Investor Concerns:
- Investors are wary of potential slumps in prices following the unlocking of large quantities of tokens.
- Speculations arise regarding the future trajectory of these cryptocurrencies post-token unlocks.
- Market Observations:
- Previous instances suggest that token unlocks exceeding 1% of circulating supply can significantly affect cryptocurrency prices.
- Market participants are closely monitoring these tokens for any notable price shifts.
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Technical Analysis for MANTA
Technical Sentiment Analysis for Manta Network (MANTA) As of , Manta Network (MANTA) is exhibiting a Strong sell technical sentiment. Our proprietary analysis, which aggregates 4 technical signals, shows that 0 indicators are flashing buy, while 4 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status Currently, the Relative Strength Index (RSI) for MANTA 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, MANTA 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 $-.
Manta Network (MANTA) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 0.0257 | 0.0418 | 0.0578 | 0.0739 | 0.0899 | 0.106 | 0.122 |
| Fibonacci | 0.0418 | 0.054 | 0.0616 | 0.0739 | 0.0861 | 0.0937 | 0.106 |
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