Investors in the cryptocurrency world closely monitor token unlock events, which provide important data points. Token Unlocks, a data analysis platform, reveals that $36.2 million worth of token unlocks are scheduled for 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, happening tomorrow.
According to Token Unlocks, the MAVIA token unlock event involves tokens worth $30.79 million, representing 24.29% of MAVIA’s total supply. With just a few hours left until the event, investors are closely following the process. At the time of writing, MAVIA tokens were trading at $4.02.
Analyzing the MAVIA chart, a rising trend line has been giving valuable insights to investors for the past two weeks. The price of MAVIA has managed to stay above the EMA 200 (red line), indicating a positive long-term outlook.
On the two-hour MAVIA chart, the most important support levels are $3.96, $3.80, and $3.65. A two-hour bar closing below the $3.80 level, which intersects with the EMA 200 average, could result in selling pressure.
The critical resistance levels to watch 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 in recent upward momentum, it could lead to an acceleration in MAVIA’s price gain.
Disclaimer: This article does not provide investment advice. Investors should be aware of the high volatility and risk associated with cryptocurrencies and conduct their own research.
