ZKJ's upcoming token unlock could shift market dynamics as 15.50 million tokens enter circulation.
MERL's bullish trend continues with an upcoming unlock of 87 million tokens, likely impacting price action.
PIXEL is showing strong momentum as it rebounds, with a token unlock event scheduled for 19 September.
The ZKJ, MERL, and PIXEL tokens are experiencing pivotal market movements with significant token unlocks on the horizon. Traders are closely watching these assets for potential price shifts, as the crypto market navigates through periods of volatility and opportunity.
Key Token Unlock on 19 September for ZKJ
The ZKJ/USDT chart displays a daily timeframe, with the price currently at $1.1471. The chart shows a clear downward trend following a sharp spike. After the initial high near the $1.55 mark, the price experienced a notable correction and consolidation, gradually declining. This may suggest a drop in buying interest after the initial rise, likely from profit-taking or less investor enthusiasm.Ā
The market cap stands at $104.14 million, with a fully diluted value (FDV) of $1.14 billion, indicating that just 9.1% of the total supply is circulating. The 24-hour trading volume is $6.08 million, reflecting moderate activity. The total supply is 1 billion ZKJ, with a significant unlock of 15.50 million tokens expected on 19 September, which might influence market movements further depending on how the market absorbs the new tokens.
Upcoming Token Unlock and Its Market Implications
The MERL/USDT daily chart shows a recent bullish trend, with the price at $0.2896. After consolidating between $0.220 and $0.260, the price gained strong upward momentum. The breakout above $0.280 suggests renewed buying interest, likely due to positive market sentiment or news about Merlin Chain. The volume is also increasing, with 5.112M MERL traded, signaling higher participation in the market as the price pushes towards resistance at $0.300.
Regarding the upcoming token unlock, 87 million MERL tokens are scheduled to be unlocked tomorrow, representing 1.8% of the maximum supply. This unlock event could introduce selling pressure if holders decide to liquidate their tokens, impacting the price.The current upward trend shows optimism in the market. The token unlock could bring buying opportunities if the market handles the new tokens well. MERL's total supply is 2.1 billion, with 10.8% (226.50 million) circulating.
Volume Surge Shows Strong Market Interest in PIXEL
The PIXEL/USDT chart shows the price at $0.1325, reflecting a 4.91% increase. After a drop from $0.2400, the price found support at $0.1200 and is now rebounding, suggesting potential bullish momentum if it breaks resistance near $0.1400.
An upcoming token unlock of 53.55 million PIXEL (1.07% of supply) is scheduled for 19 September. This could introduce volatility if selling pressure arises, but the strong 24-hour volume of $53.12 million indicates robust market interest.
The post Upcoming Unlock Events: How ZKJ, MERL, and PIXEL Will Impact Prices appeared first on Crypto News Land.
