In the world of cryptocurrency, investors keep a close eye on token unlock events, and according to the Token Unlocks data analysis platform, there will be $36.2 million worth of token unlocks happening in the next seven days. Of particular interest is the token unlock event for MAVIA, the local token of Heroes of Mavia developed by Skrice Studios, which is scheduled for tomorrow and has attracted significant attention.
In the final hours leading up to the event, data from the Token Unlocks platform reveals that a total of $36.2 million worth of token unlocks are scheduled for next week, making it one of the lowest token unlock activities in recent times. Among these unlocks, the MAVIA token unlock event is particularly noteworthy. It is set to take place tomorrow at 03:00, and will involve a quantity of tokens that represent 24.29% of MAVIA’s total supply, with a market value of $30.79 million. With the event just hours away, investors are closely following the process, and at the time of writing, MAVIA tokens were being traded at $4.02.
Taking a look at the two-hour MAVIA chart, investors have been paying attention to a rising trend line that has been providing valuable insights for the past two weeks. The fact that MAVIA’s price has managed to stay above the EMA 200 (red line) after a recent support touch suggests a positive long-term outlook.
On the two-hour chart, there are several important support levels to watch out for, namely $3.96, $3.80, and $3.65. If a two-hour bar closes below the $3.80 level, which intersects with the EMA 200 average, it could lead to selling pressure on the MAVIA front.
Conversely, the most critical resistance levels to monitor on the MAVIA chart are $4.05, $4.26, and $4.47. If a two-hour bar closes above the $4.26 level, which has been a significant barrier during the recent upward momentum, it could accelerate MAVIA’s price gain.
Disclaimer: The information provided in this article should not be considered as investment advice. Investors should be aware of the high volatility and risk associated with cryptocurrencies and should conduct their own research.
