The top of the virtual currency that should be noted this week includes MANTRA, SUI, and Optimism.
why? In the cryptocurrency market, the mantra (OM) has a record high on Sunday, and optimism (OP) plans to unlock $ 53 million. Sui (Sui) is currently on a bearish orbital and will have a $ 138 million token this week.
Learn in detail what the technical and the trajectory of each token indicate.
Mantra: The top of the real world assets (RWA) tokenization industry has soared to a record high of $ 5.08. This rebound was consistent with our recent OM price prediction.
The mantrock has risen by a black rock CEO recently called on regulatory authorities to approve the token token for stocks and bonds. He also reached a contract to make a real estate project in DAMAC’s Dubai.
The daily chart reveals that the mantra price is a popular continuation signature, which forms a bullish flag chart pattern. This pattern is composed of long vertical and rectangular patterns, followed by bullish breakouts.
The height of the mantra flag pole is at least 156%. Therefore, measuring the same distance from $ 4.53 means that coins will rise to $ 11 in the long term.
Opinion: The third largest layer 2 network is preparing to unlock a $ 53 million or more than 1.48% of the float. Currently, more than 1.35 billion tokens are distributed to total salary of 4.29 billion.
Locking optimism is performed when the tokens have been exposed to pressure in the past few months. It fell by 40.7 % from the high price in November, dropping to $ 1.6295.
The optimistic perspective remained important to $ 1.6076, but since December 20, it has not been less than that. In addition, symmetrical triangle patterns are formed. Therefore, it is highly likely that the lower price will be further lower than this level, and it may fall to $ 1.30, the lowest price width last November.
Sui: Like the optimism, Sui plans to unlock a large lock equivalent to $ 138 million or float on Thursday. Only 37% of all SUI tokens have been unlocked, and the last unlock is expected to be performed in 2069.
Sui’s token locks have dropped 22 % from the highest level of this year, and took place in a technical bear market. It was below the bottom of the rising channel.
Coins are below the 50 -day moving average, but the relative power index and MACD continue to fall. Therefore, coins are likely to continue to fall, and the next point of attention will be $ 2.9415, the low on November 26.
Other top coins that should be noted this week are Pi Network, Ethereum, and DYDX.
Pi Network’s customer recognition date ends on January 31. Ethereum will attract attention as the market is watching the controversy with the Ethereum Foundation.
DYDX will unlock a token equivalent to $ 9.6 million on Wednesday.
