Token

Cosmos

<p style="text-align: justify">You can also read this news on COINTURK NEWS: <a href="https://en.coin-turk.com/significant-token-unlock-events-in-the-crypto-market/" data-wpel-link="internal">Significant Token Unlock Events in the Crypto Market</a><br></p>
<p class="p2" style="text-align: justify">One of the data points that investors in the cryptocurrency market closely monitor is token unlock events. According to the Token Unlocks platform, which keeps a close eye on token unlock events, tokens worth $402.06 million will be unlocked in the next seven days. <span class="s1">Tomorrow, a token unlock event for <strong>DYDX</strong>, a decentralized exchange (<a href="https://en.coin-turk.com/what-is-dex-exchange/" data-wpel-link="internal">DEX</a>) operating within the Cosmos ecosystem, is an event that should be closely watched.</span></p> 
<h2 class="p2" style="text-align: justify" id="dydx-token-unlock-event">DYDX Token Unlock Event</h2> 
<p class="p2" style="text-align: justify">According to data shared by <strong>Token Unlocks</strong>, there will be a token unlock worth $402.06 million in the coming week, marking one of the largest token unlock events of the recent period. Among these unlocks is DYDX, a significant decentralized exchange within the Cosmos ecosystem.</p> 
<p class="p2" style="text-align: justify">The event, which will take place tomorrow (February 20) at 18:00, involves a quantity of tokens that corresponds to 0.19% of the total supply of <strong>DYDX</strong> tokens and has a market value of $1.84 million. With just hours left for the event, investors are eagerly following the process, and at the time of writing, the DYDX token was trading at $3.19.</p> 
<p><img loading="lazy" loading="lazy" decoding="async" class="aligncenter wp-image-316591 size-full" src="https://coin-turk.com/wp-content/uploads/2024/02/dydx-.png" alt="" width="2636" height="1213"></p> 
<h2 class="p2" style="text-align: justify" id="dydx-chart-analysis">DYDX Chart Analysis</h2> 
<p class="p2" style="text-align: justify">The four-hour DYDX chart shows a contracting wedge formation. The lack of any support or resistance break in the formation structure provides investors with significant clues. The EMA 9 (blue line) acting as support in the recent bar formations is a positive sign for DYDX, suggesting a favorable scenario is emerging.</p> 
<p class="p2" style="text-align: justify">The most important support levels to watch on the four-hour chart for DYDX are, respectively; $3.144, $3.096, and $3.055. Particularly, a four-hour bar close below the $3.144 level, which serves as significant support and intersects with the EMA 9, could lead to a loss of momentum in the DYDX price.</p> 
<p class="p2" style="text-align: justify">The most important resistance levels to monitor on the four-hour DYDX chart are, respectively; $3.199, $3.233, and $3.273. Especially, a four-hour bar close above the $3.199 level, which has been a significant barrier in recent bar formations, will likely lead to an increase in momentum for the DYDX price.</p> 
<p><img loading="lazy" loading="lazy" decoding="async" class="aligncenter wp-image-316589 size-full" src="https://coin-turk.com/wp-content/uploads/2024/02/dydx-grafik-analizi.png" alt="" width="2486" height="1179"></p> 
<h5><span style="font-weight:bold;font-size:16px">The post first appeared on COINTURK NEWS: </span> <a href="https://en.coin-turk.com/significant-token-unlock-events-in-the-crypto-market/" data-wpel-link="internal">Significant Token Unlock Events in the Crypto Market</a></h5>

Significant Token Unlock Events in the Crypto Market

Tabla de contenidos

COINTURK NEWS

Otros artículos publicados el 19 feb 2024

Ensuring Stability and Reliability as a Store of Value with AIGOLD

Stronghold’s Strategic Move: Securing Loans with Bitcoin Miners Amidst Ongoing Challenges

Ethereum Price Prediction: ETH Soars 17% In A Week As Bernstein Says ETH ETFs Are Almost Certain ...

Bounce Launchpad Hosts XRGB ID0 Auction for Enhanced Bitcoin L2 Network

Why this Computer Scientist Thinks Bitcoin is the Greatest Invention Since Coinage

Terra Classic (LUNC) Set to Raise Minimum Initial Deposit to Curb Spam Proposals

¡Únete a nuestro boletín gratuito para recibir actualizaciones diarias de criptografía!