TL;DR
- February Unlocks: Almost $1 billion worth of token releases are anticipated in projects such as APT, IMX, and SUI.
- Aptos (APT) in Focus: APT leads with $230 million unlocked on February 12, facing resistance at $9.10 and risk of a pullback to $8.20.
- Investor Imperatives: Bearish indicators on IMX, SUI, SEI, and ROSE signal caution, with pullbacks and possible price declines on the horizon.
In February, the cryptocurrency market will experience major tokens unlocks, with a total value close to $1 billion.
Among the notable releases, Aptos (APT) leads with $230 million scheduled for February 12.
Despite previous releases that had little impact on its price, it currently faces significant resistance at $9.10, with indicators suggesting a possible pullback to $8.20.
Large token unlocks in February ❄️🧵:
• $DYDX – $91M February 1
• $SUI – $100M February 3
• $NYM – $14M February 3
• $GMT – $28M February 9
• $CGPT – $9M February 10
• $APT – $230M February 12
• $SEI – $85M February 15
• $MANTA – $51M February 18
• $ROSE – $19M February… pic.twitter.com/aK2dT2Phkk— AlΞx Wacy 🌐 (@wacy_time1) January 31, 2024
Immutable (IMX), plans to unlock $70 million on February 23.
Although it recently experienced an upward channeling, indicators such as the RSI and MACD point to bearish momentum, possibly falling to $1.80 if buying pressure does not emerge.
Sui (SUI) is among the first to release tokens in February, with $100 million scheduled.
Historically, early tokens unlocks suggest substantial returns
However, signals such as the +DI and -DI crossover indicate a decline in buyers dominance, possibly taking the price to $1.25 – $1.32 levels according to the Fibonacci retracement.
Sei Network (SEI) will release $85 million on February 15.
Despite previous breakouts with little impact, signals from the Awesome Oscillator and Chaikin Money Flow indicate a possible decline in price, with a potential drop to $0.55.
Oasis Network (ROSE) will experience the lowest breakout at $19 million on February 18.
February will see a series of significant unlocks of tokens that could influence the prices of Aptos, Immutable, Sui, Sei Network and Oasis Network.
Crypto market investors should be aware of these dates and carefully consider technical indicators before making investment decisions.
