Token unlocks are pivotal events in the crypto market pipeline, often influencing price movements and investor sentiment. As a portion of tokens of the total token supply is released into circulation, it could impact liquidity and coin prices and lead to potential shifts in the market dynamics. Over the next few days, major tokens like ENA, FET, and OP will have their tokens unlocked. This article analyses their market impact, key technical indicators, and what they suggest about each token’s performance.
ENA
As of press time, ENA is trading at $0.3577 with a 4.86%% decrease in the last 24 hours and has a market capitalization of $1.89 billion. It has a trading volume of $132.34 million and a fully diluted value (FDV) of $5.37 billion, according to CoinMarketCap. On March 26, 2025, ENA will unlock 0.15% of the circulation supply, which is about 7.93M ENA worth $2.82M.
Source: TradingView
The Relative Strength Index (RSI) of the coin is at 43.19, which indicates low selling pressure and approaching a neutral level. On the other hand, the Moving Average Convergence Divergence (MACD) at -0.0252 is above the signal line at -0.0299, indicating a buying pressure. And the consistent green bars in the histogram also indicate a bullish momentum.
FET
At the time of publication, FET has a price of $0.5123, with a 2.13% decline in the last 24 hours. It has a market capitalization of $1.22 billion and 24-hour trading volume, which has increased 2.35%, reaching $88.57 million. FET currently has an FDV value of $1.39 billion. On March 28th, 2025, the coin is expected to release an additional 0.12% of circulation supply, about 3.24M FET, which is worth $1.66M.
Source: TradingView
The RSI sits at 39.85, which is below the neutral 50 level, indicating a bearish sentiment. Conversely, the MACD at -0.053 is above the signal line at -0.0064 indicating a buying pressure with a bullish crossover. The green histograms at 0.011 also suggest a bullish momentum.
OP
At the time of writing, the price of OP coin at press time is 0.8648, with a 0.21% decline since the last day. It has a market capitalization of $1.4 billion and a 24-hour trading volume of $108.18 million, which has experienced a decrease of 15.07%. The FDV of OP coin is $3.71 billion and has a circulation supply of 1.62B OP. On March 31st, 2025, the coin will unlock an extra 1.93% of the circulation supply of 31.34M, which is worth $27.05M.
Source: TradingView
As the graph shows, the RSI is at 42.81, indicating a bearish trend. On the other hand, the MACD value at -0.060 is above the signal line at -0.071, demonstrating a buying pressure with a recent bullish crossover. Along with that, the green histograms at 0.012 suggest a bullish momentum.
Conclusion
The upcoming token unlocks for ENA, FET, and OP could have varying levels of effects on the market, potentially impacting the prices, volatility, and investor sentiment. Two coins out of the three are currently experiencing a near-neutral level of pressure. However, increasing green histograms indicate that buying momentum could strengthen. Investors must closely monitor these token unlock events, as they potentially influence the price action in the coming days.
