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Market Volatility Ahead: $48.5 Million in Cliff Unlocks Loom

Author: Content Editor
According to Token Unlocks data, there will be a significant influx of tokens worth $48.53 million entering the market from September 23rd to 29th. This is expected to impact several key tokens including VENOM, YGG, AGIX, FET, ENA, and GAL. These token unlocks have the potential to create volatility in the market as the new supply of tokens influences supply and demand.

VENOM is leading the unlock list with a 12.67% share, unlocking $25.11 million worth of tokens. The price of VENOM has shown steady growth, currently trading at $0.1068 with key support levels at $0.1056 and $0.1060. However, the token faces resistance at $0.1070, which will need to be broken for sustained upward movement.

Yield Guild Games (YGG) has unlocked $6.57 million worth of tokens, making up 3.69% of the weekly unlocks. The price of YGG has seen a significant increase, currently trading at $0.4635. Key support levels for YGG are at $0.4316 and $0.44, while resistance is at $0.47.

SingularityNET (AGIX) has unlocked $5.73 million worth of tokens, representing 1.62% of the unlocks. AGIX is currently priced at $0.7019, with support levels at $0.6418 and $0.65. Resistance levels for AGIX are at $0.73 and $0.75.

Artificial Superintelligence (FET) has unlocked $5.61 million worth of tokens, accounting for 0.14% of the unlocks. FET has experienced a 4.11% increase in price, currently trading at $1.57. Key support is at $1.47-$1.50, while resistance is at $1.57-$1.60.

It is important to note that the information provided in the article is for informational and educational purposes only and does not constitute financial advice. Readers are advised to exercise caution and do their own research before making any investment decisions.

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