Immutable

Aptos

APT’s unlocking event may not greatly affect its price, but a bearish movement toward $8.20 is possible. IMX has exited its ascending channel, while SUI shows potential for higher returns. SEI’s bullish activity has been subdued, similar to the situation with ROSE.<img src="https://i0.wp.com/cryptosheadlines.com/wp-content/uploads/2024/01/Add-a-heading-2.gif?fit&#61;1590%2C200&amp;ssl&#61;1" />Cryptos Headlines Platform Has Launched Its Native Token&#39;s Airdrop for the Public <a href="https://docs.google.com/forms/d/e/1FAIpQLSdcZ8FFeiEQ5LdbD5GCT-E4w0cMLn-Wt6FbIxq4IbSsWDu2SQ/viewform" rel="noopener noreferrer nofollow">Join Airdrop Now</a>According to DeFi research specialist Alex Wacy, numerous projects are slated for token unlocking this February. <a href="https://cryptosheadlines.com/the-specific-altcoins-that-are-having-token-unlocks/" rel="noopener noreferrer nofollow">Token unlocks</a> involve releasing previously restricted tokens into circulation.Token unlocks play a crucial role in balancing the supply and demand dynamics of a cryptocurrency. This February, <a href="https://cryptosheadlines.com/us-holds-638900-btc-worth-approximately-27-billion/" rel="noopener noreferrer nofollow">approximately $1 billion worth</a> of various tokens are scheduled to be released into circulation. Notably, several top projects will be affected by these unlocks, including Aptos (APT), Immutable (IMX), Sui (SUI), Sei Network (SEI), and Oasis Network (ROSE).<h3 id="aptos-apt-token-unlock-february-12">Aptos (APT) Token Unlock: February 12</h3>Aptos is gearing up for its next token unlock scheduled for February 12, with approximately $230 <a href="https://cryptosheadlines.com/terraform-labs-transfers-millions-worth-of-tokens-one-year-after-terra-luna-crisis/" rel="noopener noreferrer nofollow">million worth of tokens</a> set to be released into circulation. <a href="https://cryptosheadlines.com/aptos-apt-token-hits-june-level-highs-despite-recent-unlock/" rel="noopener noreferrer nofollow">Despite previous token unlocks having minimal impact on APT’s</a> price, the upcoming event remains noteworthy.At the time of writing, APT was trading at $8.77, with the <a href="https://cryptosheadlines.com/matic-usd-price-struggles-to-rebound-testing-support-levels-ahead/" rel="noopener noreferrer nofollow">support level</a> at $8.75 aiding its recovery following an initial decline. However, encountering resistance at $9.10 could impede APT’s upward trajectory in the short term.<a href="https://cryptosheadlines.com/coinbase-attracts-rival-traders-with-no-fee-promotion/" rel="noopener noreferrer nofollow">Also Read: Coinbase Attracts Rival Traders with No-Fee Promotion</a>Analysis of the 4-hour APT/USD chart reveals a bearish outlook, as indicated by the Aroon indicator. The Aroon Up (orange) has fallen to 35.71%, while the Aroon Down (blue) has risen to 92.86%, indicating greater bearish dominance.Cryptos Headlines Platform Has Launched Its Native Token&#39;s Airdrop for the Public <a href="https://docs.google.com/forms/d/e/1FAIpQLSdcZ8FFeiEQ5LdbD5GCT-E4w0cMLn-Wt6FbIxq4IbSsWDu2SQ/viewform" rel="noopener noreferrer nofollow">Join Airdrop Now</a><img src="https://i0.wp.com/cryptosheadlines.com/wp-content/uploads/2024/01/Add-a-heading-2.gif?fit&#61;1590%2C200&amp;ssl&#61;1" /><img src="https://i0.wp.com/cryptosheadlines.com/wp-content/uploads/2024/02/cryptosheadlines002.png?resize&#61;640%2C420&amp;ssl&#61;1" />APT/USD 4-Hour Chart (Source: <a href="https://www.tradingview.com/x/7esx2ViA/" rel="noopener noreferrer nofollow">TradingView</a>)<h3 id="immutable-imx-token-unlock-february-23">Immutable (IMX) Token Unlock: February 23</h3>On February 23, Immutable (IMX) is slated to <a href="https://cryptosheadlines.com/optimism-and-sui-to-unlock-tokens-worth-650-million/" rel="noopener noreferrer nofollow">unlock tokens worth $70 million</a>, adding to its circulating supply. In the past 24 hours, IMX has experienced a 4.64% decline, currently trading at $1.93.Cryptos Headlines Platform Has Launched Its Native Token&#39;s Airdrop for the Public <a href="https://docs.google.com/forms/d/e/1FAIpQLSdcZ8FFeiEQ5LdbD5GCT-E4w0cMLn-Wt6FbIxq4IbSsWDu2SQ/viewform" rel="noopener noreferrer nofollow">Join Airdrop Now</a><img src="https://i0.wp.com/cryptosheadlines.com/wp-content/uploads/2024/01/Add-a-heading-2.gif?fit&#61;1590%2C200&amp;ssl&#61;1" />Similar to APT, IMX’s 4-hour chart exhibited a rise in RSI readings coinciding with APT’s price surge. This upward momentum led to the formation of an ascending channel, propelling IMX’s price above $2. However, the token eventually became overbought, resulting in a shift towards bearish sentiment.Confirmation of the bearish momentum came from the MACD, with the reading turning negative. Without significant buying pressure, IMX could potentially retreat to $1.80, representing the next crucial support zone.Moreover, the RSI suggests a fading <a href="https://cryptosheadlines.com/xrp-price-down-8-bullish-momentum-stalls/" rel="noopener noreferrer nofollow">bullish momentum</a> observed between January 23 and 30. Looking ahead, APT’s <a href="https://cryptosheadlines.com/binance-boosts-support-for-pepe-and-floki-potential-price-rally-ahead/" rel="noopener noreferrer nofollow">price could potentially</a> dip to $8.20, although a bullish scenario sees a limited possibility of the token reaching $9.50.<img src="https://i0.wp.com/cryptosheadlines.com/wp-content/uploads/2024/02/cryptosheadlines003-2.png?resize&#61;640%2C420&amp;ssl&#61;1" />IMX/USD 4-Hour Chart (Source: <a href="https://www.tradingview.com/x/XolzmVp9/" rel="noopener noreferrer nofollow">TradingView</a>)<h3 id="sui-sui-token-unlock-first-release">Sui (SUI) Token Unlock: First Release</h3><a href="https://cryptosheadlines.com/sui-token-increased-to-2-on-trading-debut-as-networks-fully-weak-value-hits-13b/" rel="noopener noreferrer nofollow">Sui’s token</a> unlock, valued at $100 million, is set to occur early among the scheduled unlocks. Historically, such events have often resulted in high returns for SUI, given that it’s the first year of unlocking tokens.<a href="https://cryptosheadlines.com/shibs-explosive-journey-by-january-2024-from-1k-to-9m/" rel="noopener noreferrer nofollow">Also Read: SHIB&#39;s Explosive Journey by January 2024: From $1K to $9M</a>Following its all-time high (ATH) of $1.65 on January 30, <a href="https://cryptosheadlines.com/sui-price-forecast-2-amid-bitcoin-decline/" rel="noopener noreferrer nofollow">SUI has experienced a price decline</a> due to profit-taking, with the current value standing at $1.46.Analyzing the market direction, the &#43;DI (green) indicates a decrease in buyer dominance, while the &#43;DI (red) suggests an increase in seller activity. If this trend persists and the ADX (yellow) remains above 25, SUI’s price could see further decline.<img src="https://i0.wp.com/cryptosheadlines.com/wp-content/uploads/2024/02/cryptosheadlines004-1.png?resize&#61;640%2C421&amp;ssl&#61;1" />SUI/USD 4-Hour Chart (Source: <a href="https://www.tradingview.com/x/iI6IULwR/" rel="noopener noreferrer nofollow">TradingView</a>)Additionally, insights from the Fibonacci retracement signal potential pullbacks to the 0.5 or 0.618 levels. Entry points for SUI may be identified around $1.25 and $1.32 if these levels are reached.<h3 id="sei-sei-token-unlock-anticipated-release">Sei (SEI) Token Unlock: Anticipated Release</h3><a href="https://cryptosheadlines.com/sei-token-surges-20-in-bull-market-rebound/" rel="noopener noreferrer nofollow">SEI is gearing up for another token</a> unlock, this time worth $85 million, scheduled for February 15. Historically, previous token unlocks by SEI have had minimal impact on price action.Over the past few days, SEI’s price has seen a decline, contrasting with its earlier surge from $0.23 to $0.88. Presently, the <a href="https://cryptosheadlines.com/fake-paypal-usd-tokens-appear-on-multiple-blockchains/" rel="noopener noreferrer nofollow">token appears</a> to be in a quiet phase, with bullish momentum subsiding.The Awesome Oscillator (AO) currently reads -0.012, <a href="https://cryptosheadlines.com/solanas-sol-price-gains-momentum-indicating-a-surge-to-38/" rel="noopener noreferrer nofollow">indicating a growing downward momentum</a>, supported by the Chaikin Money Flow (CMF) trending downwards as well. From a technical perspective, SEI may not see a quick recovery, with the potential for its price to drop to $0.55.<img src="https://i0.wp.com/cryptosheadlines.com/wp-content/uploads/2024/02/cryptosheadlines005-1.png?resize&#61;640%2C420&amp;ssl&#61;1" />SEI/USD 4-Hour Chart (Source: <a href="https://www.tradingview.com/x/ovr2z1wH/" rel="noopener noreferrer nofollow">TradingView</a>)<h3 id="oasis-network-rose-token-unlock-february-18-release">Oasis Network (ROSE) Token Unlock: February 18 Release</h3>ROSE’s upcoming <a href="https://cryptosheadlines.com/27-altcoins-set-for-token-unlock-events-in-the-coming-week-see-the-list/" rel="noopener noreferrer nofollow">token unlock event</a> appears to be the smallest among the five projects, with tokens worth $19 million set to be unlocked on February 18.Currently, ROSE is trading at $0.0999, with the 4-hour chart indicating a bearish trend as the price has dipped below both the 9 and 20 Exponential Moving Averages (EMAs).<a href="https://cryptosheadlines.com/avax-surges-13-in-24-hours-whats-behind-the-jump/" rel="noopener noreferrer nofollow">Also Read: AVAX Surges 13% in 24 Hours: What&#39;s Behind the Jump?</a><img src="https://i0.wp.com/cryptosheadlines.com/wp-content/uploads/2024/02/cryptosheadlines006-1.png?resize&#61;640%2C420&amp;ssl&#61;1" />ROSE/USD 4-Hour Chart (Source: <a href="https://www.tradingview.com/x/sF2UPhh3/" rel="noopener noreferrer nofollow">TradingView</a>)The 9 EMA stands at $0.102, while the 20 EMA is at $0.104, suggesting a <a href="https://cryptosheadlines.com/shib-continues-downward-spiral-as-bulls-struggle-for-momentum/" rel="noopener noreferrer nofollow">continued downward</a> trajectory for ROSE’s price.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.imx

Unlocking Tokens: What to Expect in February

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