Token

Resistance

<p style="text-align: justify">You can also read this news on BH NEWS: <a href="https://en.bitcoinhaber.net/investors-monitor-key-token-unlock-events" data-wpel-link="internal" rel="noopener noreferrer nofollow">Investors Monitor Key Token Unlock Events</a><br></p>
<p style="text-align: justify">In the cryptocurrency market, <a href="https://finance.coin-turk.com/" rel="noopener noreferrer nofollow" target="_blank" data-wpel-link="exclude">investors</a> pay close attention to <a href="https://en.bitcoinhaber.net/investors-monitor-meme-coin-prices" data-wpel-link="internal" rel="noopener noreferrer nofollow">token</a> unlock events. Data from Token Unlocks indicates that $374.27 million worth of tokens will be unlocked in the next week. Notably, the native token of CyberConnect, CYBER, is set for a significant unlock event tomorrow, drawing considerable interest.</p>
<h2 id="what-is-the-cyber-token-unlock-event">What Is the CYBER Token Unlock Event?</h2>
<p style="text-align: justify">Token Unlocks has reported that $374.27 million worth of tokens are scheduled to be unlocked next week, marking one of the most substantial events recently. Among these, the CYBER token unlock from CyberConnect, a Layer-1 blockchain project, is particularly noteworthy.</p>
<p style="text-align: justify">Scheduled for August 14 at 15:00, this event will release CYBER tokens equivalent to 8.54% of the total supply, valued at $6.26 million. With anticipation growing, CYBER was trading at $3.15 at the time of writing. This event is among the most anticipated in the coming days.</p>
<h2 id="how-does-cyber-s-chart-look">How Does CYBER’s Chart Look?</h2>
<p style="text-align: justify">The daily chart of CYBER reveals a descending channel pattern. After a breakdown at the support line in early August, CYBER hit the $2.23 support level and subsequently rebounded, continuing within the formation area. The recent movement above the EMA 9 (blue line) is particularly significant.</p>
<p style="text-align: justify">Key support levels on the daily CYBER chart are $3.03, $2.61, and $2.23. A daily close below $2.61 could result in a loss of momentum. Conversely, resistance levels to watch are $3.83, $4.45, and $5.07, with a close above $3.83 potentially boosting the price.</p>
<h2 id="key-insights-for-investors">Key Insights for Investors</h2>
<ul>
 <li>CYBER’s token unlock event on August 14 could impact its price significantly.</li>
 <li>Support levels to monitor are $3.03, $2.61, and $2.23.</li>
 <li>Resistance levels to watch are $3.83, $4.45, and $5.07.</li>
 <li>A daily close above $3.83 could indicate a positive price movement.</li>
 <li>Investors should closely follow CYBER’s market trends post-unlock.</li>
</ul>
<p style="text-align: justify">In conclusion, the upcoming token unlock events, especially CYBER’s, are critical for market participants. Monitoring these developments can provide valuable insights for making informed investment decisions.</p>
<h5><span style="font-weight:bold;font-size:16px">The post first appeared on BH NEWS: </span> <a href="https://en.bitcoinhaber.net/investors-monitor-key-token-unlock-events" data-wpel-link="internal" rel="noopener noreferrer nofollow">Investors Monitor Key Token Unlock Events</a></h5>

Investors Monitor Key Token Unlock Events

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