The crypto market has been buzzing with activity, marked by significant price movements, trading volume surges, and upcoming token unlocks. When a project releases more tokens into circulation, it can lead to increased supply, potential volatility, and shifts in market dynamics. In the coming days, major tokens like STRK, XCN, SEI, & ARB will have their tokens unlocked. This article analyses their current market performance, the percentage of supply set to be released, and key technical indicators to assess potential price trends.
STRK
At the time of publication, Starknet was trading at a price of $0.1324, with a decline of 4.88% in the last seven days, according to CoinMarketCap. It has a market capitalization of $384.3 million and a 24-hour trading volume that has dipped 16.04%, reaching $22.59 million. STRK has a circulation of 2.9 billion STRK. On 15th April 2025, the coin is expected to release an additional 4.37% of circulation supply (127.00M STRK) worth $16.76M.
The Relative Strength Index (RSI) is currently at 55.18, indicating a neutral trend. However, if buying pressure builds, the RSI could climb into the overbought zone. The Moving Average Convergence Divergence line is above the signal line, and the positive histogram signals bullish momentum.
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XCN
At the time of writing, Onyxcoin was trading at a price of $0.02001, with a decline of 11.03% in the last 24 hours. It has a market capitalization of $663.45 million and a 24-hour trading volume that has declined 1.69%, standing at $581.77 million. XCN has a circulation of 33.2 billion XCN. On 15th April 2025, the coin is expected to release an additional 0.89% of circulation supply (296.38M XCN), which is worth $6.05M.
The RSI stands at 56.33, signaling a neutral market trend, and is heading towards overbought territory. The MACD line at 0.0000243 is below the signal line at 0.0000426, but the narrowing gap between them suggests a potential bullish crossover, further supported by the fading negative histogram bars.
SEI
As of press time, SEI has been trading at $0.1700, an increase of 2.71% in the last week. Its 24-hour trading volume, which increased by 66.42%, is $92.77M, and its market capitalization is $830.81M. The coin has already unlocked 38.49% of its supply, and an additional 1.14% of circulation supply (55.56M SEI) worth $9.42M will be released into the market on April 15th, 2025.
Technical indicators like the RSI and MACD suggest bullish momentum for the coin. The RSI has a value of 61.84, which is above neutral territory and heading towards the overbought region of 70. The MACD line is above the signal line, which indicates bullish momentum, and the continuous positive histogram also reaffirms the same.
ARB
At the time of publication, Arbitrum was trading at a price of $0.2994, a decline of 4.82% in the last seven days. It has a market capitalization of $1.38B and a 24-hour trading volume that has declined 35.24% and is currently at $99.06M. ARB has a circulation of 4.61B ARB and has unlocked about 40.21% of its total supply. On 16th April 2025, the coin is expected to release an additional 2.01% of circulation supply (92.65M ARB) worth $27.78M.
The MACD line crossing above the signal line suggests bullish momentum, but fading histogram bars point to weakening strength. The RSI at 49.48 indicates a neutral position, but the decline from above 55 in value suggests weakening buying pressure.
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Conclusion
The cryptocurrency market is witnessing a mix of bullish and bearish trends across various tokens. Coins like Starknet (STRK), Onyxcoin (XCN), and Sei (SEI) exhibit bullish indicators, while Arbitrum (ARB) demonstrates bearish sentiment. Upcoming token unlocks in the 3rd week of April will play a pivotal role in shaping the short-term market dynamics, influencing liquidity and investor sentiment. However, investors must remain cautious, keeping an eye on macroeconomic factors and market conditions that could impact these projections.
