Token unlocks are one of the crucial events happening in this crypto market, often influencing the price swings and market sentiment. When a project releases new tokens into circulation, it can impact the liquidity, supply dynamic, and overall market trends. In the next coming days, several tokens, including Kaspa (KAS), Movement (MOVE), Optimism (OP), and RENDER, are set to release millions of additional tokens. This article takes a deep dive, analyzing these upcoming unlocks, their potential market impact, and what the technical indicators suggest about each token’s price trajectory.
KAS
At press time, Kaspa is trading at $0.0648 with a 0.23% increase in the last 24 hours and a market capitalization of $1.68 billion. Its trading volume has seen a surge of 8.35% in the past 24 hours, reaching $113.31 million, and the fully diluted value (FDV) is at $1.85 billion. On April 7, 2025, the coin is expected to release an additional 0.59% of circulation supply (153.24M KAS) worth $9.97M.
Source: Trading View
The Relative Strength Index is at 38.82, approaching the oversold threshold of 30, which indicates an increasing selling pressure. The Moving Average Convergence Divergence line at -0.004361 is below the signal line at -0.004007, indicating selling pressure. The narrowing gap between the lines suggests a potential bullish crossover, and the negative histograms reaffirm the same.
MOVE
At the time of writing, the Movement token is trading at $0.3789 with a decline of 1.60% in the past day and a market capitalization of $927.72 million. It has a trading volume of $46.96 million, which has also faced a decline of 29.43% in the last 24 hours, and the fully diluted value is at $3.77. Additionally, 0.04% of additional tokens will be unlocked on April 9th, 2025, worth $18.89 million (50.00M MOVE)
Source: Trading View
The RSI of MOVE is at 38.61, approaching the oversold threshold of 30, showing increasing selling pressure. The MACD line at -0.0247 is below the signal at -0.0172, indicating a bearish outlook.
OP
At the time of publication, the price of OP coin at press time is $0.7088, with a 0.06% increase since the last day. It has a market capitalization of $1.17 billion and a 24-hour trading volume of $108.18 million, which has experienced a decrease of 16.93%. The FDV of OP coin is $3.04 billion and has a circulation supply of 4.29B OP. On April 11th, 2025, the coin will unlock an extra 0.27% of the circulation supply of 4.47M, which is worth $3.1M.
Source: Trading View
The RSI value is at 47.06, which is approaching the neutral level 50, indicating a weakening of selling pressure. The narrowing gap between the MACD line and signal line, along with the declining red histogram, indicates a possible bullish reversal.
Related: Top Token Unlocks This Week: OP, SUI, DYDX, EIGEN, And More
RENDER
At the time of writing, the RENDER token is trading at $3.17, a decrease of 2.25% in the last 24-hours, and has a market cap of $1.64B. The trading volume is at $80.27M with a decline of 7.98% and has a fully diluted value of $2.04B. On 12th April 2025, the coin will unlock an additional 0.10% of the circulation supply (492.13K RENDER) worth $1.56m.
Source: Trading View
The Relative Strength Index is at 49.61, standing at the neutral level, and indicates a low selling pressure. The MACD at 0.003 is above the signal line, indicating a potential bullish momentum.
Conclusion
The upcoming token unlocks for KAS, MOVE, OP, and RENDER are set to influence varying levels of supply into the market, potentially impacting their price trajectory. While tokens like KAS, MOVE, and OP show strong bearish pressures, RENDER is facing bullish momentum. The technical indicators, such as the RSI and MACD, present mixed signals across the board, highlighting market uncertainty. However, investors should closely monitor these unlocks as they potentially influence the price action in the coming days.
