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

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