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Cryptocurrency News Articles

SUI, DYDX, ZETA, and ADA Face Token Unlocks, Market Participants Monitor Price Impacts

Nov 28, 2024 at 02:51 pm

SUI, DYDX, ZETA, and ADA are among the cryptocurrencies with major token unlocks scheduled between November 25 and December 2.

SUI, DYDX, ZETA, and ADA Face Token Unlocks, Market Participants Monitor Price Impacts

Cryptocurrencies SUI, DYDX, ZETA, and ADA are set to have major token unlocks over the next week. These unlocks can have a significant impact on the price of the asset, with some tokens expected to face sell pressure and others poised for further gains.

Massive SUI sell pressure is on the horizon with a colossal $213.77 million unlock. Yet, considering SUI’s 109% monthly gain, it might rebound to the $4.70–$5.20 price range.

$SUI #SUI 1D chart

I know you guys wanna see "up only" but let’s be realistic – pullbacks are healthy.

According to my EW count, we've finished this w4 small correction and we're heading off to my next target – $4.7-5.2 🎯 pic.twitter.com/YzUsdQKzJE

DYDX, on the other hand, is set for expansion with its upcoming dYdX Unlimited upgrade as a class-leading Defi innovation. With a $12.67 million unlock, analysts predict a breakout above $2.50, potentially reaching $7.

Meanwhile, ZETA's $38.45 million unlock showcases its disruption in cross-chain solutions. A partnership with Google Cloud, advancing cross-chain messaging, and Bitcoin smart contracts all contribute to its attractive investment case.

In contrast, ninth-ranked ADA shows bullish momentum with a return to $1 despite a $36.84 million unlock. IntotheBlock attributes this to institutional interest, fueled by ETF speculation and a surge in new users.

Guys, I'm going to be honest with you 👀

This $ADA price action isn't retail..

This is what frontrunning an ETF looks like 🔥

Enjoy the cycle 🚀#Cardano pic.twitter.com/IdKAEW42Ci

These events highlight trends in crypto markets. Tokens like ZETA, DYDX, SUI, and ADA show that projects need more than just speculation. Those with clear utility and value will drive the next wave of adoption, according to experts.

Ultimately, the performance of these tokens after the unlocks will depend on investor sentiment and the liquidity in the market. This highlights the importance of timing and a deep understanding of fundamental factors in successful crypto trading.

The presented information is subject to change and readers are advised to perform their own research before making any trades.

News source:coinedition.com

Disclaimer:info@kdj.com

The information provided is not trading advice. kdj.com does not assume any responsibility for any investments made based on the information provided in this article. Cryptocurrencies are highly volatile and it is highly recommended that you invest with caution after thorough research!

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