Ethereum

Token

Cryptocurrency

Optimism

<p style="text-align: justify">You can also read this news on COINTURK NEWS: <a href="https://en.coin-turk.com/key-insights-on-upcoming-optimism-token-unlock-event/" data-wpel-link="internal">Key Insights on Upcoming Optimism Token Unlock Event</a><br></p>
<p class="p1" style="text-align: justify"><a href="https://coin-turk.com/ashton-kutcherdan-4-milyon-dolarlik-ripple-bagisi" data-wpel-link="internal">Cryptocurrency</a> market investors closely follow token unlock events. According to the <a href="https://en.coin-turk.com/elon-musks-disinterest-in-crypto-contrasts-with-altcoins-surge/" data-wpel-link="internal">Token</a> Unlocks platform, next week will see $452.75 million worth of token unlocks. Tomorrow’s unlock of the popular <a href="https://coin-turk.com/son-dakika-ethereum-eth-4-000-dolari-asti-piyasada-neler-yasaniyor" data-wpel-link="internal">Ethereum</a> Layer-2 network <strong>Optimism’s</strong> native token OP is an event to watch closely.</p> 
<h2 class="p3" style="text-align: justify" id="final-hours-before-optimism-token-unlock">Final Hours Before Optimism Token Unlock</h2> 
<p class="p3" style="text-align: justify"><strong>Token Unlocks</strong> platform data indicates that next week, the cryptocurrency market will see token unlocks worth $243.36 million, with the largest event involving $64.51 million worth of tokens from the <a href="https://en.coin-turk.com/ethereum-eth-rises-as-market-direction-shifts/" data-wpel-link="internal">Ethereum</a> Layer-2 project Optimism.</p> 
<p class="p3" style="text-align: justify">The event happening tomorrow morning at 06:00 will unlock an amount of OP tokens equivalent to 2.31% of its total supply. With just hours left, investors are eagerly waiting while at the time of writing, the OP token was trading at $2.67. The OP token unlock event is one of the most significant of the week.</p> 
<p><img loading="lazy" loading="lazy" decoding="async" class="aligncenter wp-image-345495 size-full" src="https://coin-turk.com/wp-content/uploads/2024/04/op.png" alt="" width="2669" height="1050"></p> 
<h2 class="p3" style="text-align: justify" id="op-chart-analysis">OP Chart Analysis</h2> 
<p class="p3" style="text-align: justify">The daily OP chart has been providing significant clues to investors since October, with the recent selling pressure breaking the rising trend line, causing a significant loss of momentum for OP. The resistance role of the EMA 200 (red line) in recent bar formations could make the process more challenging for OP.</p> 
<p class="p3" style="text-align: justify">Key support levels to watch on the daily chart for OP are; $2.55, $2.31, and $2.05. Particularly, a daily bar close below the $2.55 level, which intersects with the EMA 21 (green line), could expose the OP price to selling pressure.</p> 
<p class="p3" style="text-align: justify">Important resistance levels to monitor on the daily chart for OP are; $2.85, $3.24, and $3.82. Especially, daily bar closings above the $2.85 level, which is above the EMA 200, would help OP gain momentum. In the long term, for a positive process to start for OP, its price needs to close above the $4 level on a daily basis.</p> 
<p><img loading="lazy" loading="lazy" decoding="async" class="wp-image-345494 size-full alignnone" src="https://coin-turk.com/wp-content/uploads/2024/04/op-grafik.png" alt="" width="2509" height="1143"></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/key-insights-on-upcoming-optimism-token-unlock-event/" data-wpel-link="internal">Key Insights on Upcoming Optimism Token Unlock Event</a></h5>

Key Insights on Upcoming Optimism Token Unlock Event

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