Cryptographic markets are becoming stronger and stronger, because Bitcoin is strongly supported above the gains. With the increase in optimism among investors, altcoins have also acquired immense strength; Some of them jumped over 45%. However, the volume on the markets has been drained, which suggests that market participants are looking for new altcoins, because some of them have increased by more than 250% of the negotiation volume since the start of the day. Now that more token should flood the market in less than a week, this could increase the volatility of the token.
The question arises as to whether the increase in volatility will have a positive impact on prices or, with the increase in supply, a drop in demand will lead them lower.
A unlocking of token is generally the release of tokens previously locked in traffic, which makes them available for trading and other purposes. They are kept locked for a certain period for various reasons, and the prevention of sales pressure is one of the most important. According to Cryptorank data, 3 main tokens are about to cope with unlocking in the next seven days.
The graph above shows SU, Ethena and Optimism, as well as 4 others are about to cope with a token unlocking soon. The prices of Sui, OP and ENA have displayed enough strength, and therefore an increase in traffic can negatively impact.
What is the next step for suis, OP & ENA prices?
The price of Su surdus broke out of a scheme and sparked an enormous increase of more than 55% and continues to remain high, referring to an increased continuation. The price has just exceeded a crucial resistance at $ 3.57, and a day of closure above the beach could validate a new recovery to the ATH, probably above $ 6. Meanwhile, 88.34 million SU, 0.88% of the offer, worth more than $ 300 million, should be unlocked on May 02, which could hinder the increase in the rally for a while.
The Bears tried to restrict the rally of optimism prices less than $ 0.855 after recovering $ 0.58; However, the last rebound in the price has revived the upward possibilities. It is believed that the price continues to increase until it reaches $ 1, and if 32.21 million tokens are unlocked on May 01, the momentum of the rally could shake for a certain time. However, if the price supports support at $ 0.75, a rebound at $ 1 could be imminent.
On the other hand, the Prix de Ethena also experienced a similar price action after bouncing local stockings close to $ 0.26. On May 03, 94.19 million people worth more than $ 32 million will be unlocked, which increases the possibility of sales pressure. However, if the ENA price manages to maintain more than $ 0.5, the token should maintain an upward upward trend.
