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crypto.news 2025-01-26 11:44:14

Top cryptocurrencies to watch this week: Mantra, Optimism, Sui

Some of the top cryptocurrencies to watch this week will be Mantra, Sui, and Optimism. Why? The cryptocurrency market saw Mantra ( OM ) reach a new record high Sunday, while Optimism ( OP ) plans a $53 million token unlock. Sui ( SUI ), currently on a bearish trajectory, is set to unlock $138 million in tokens this week. Read on for a more detailed look at the technicals and what the trajectory of each token shows. You might also like: Litecoin price rises as LTC ETF approval odds jump Mantra : The top crypto project in the real-world asset (RWA) tokenization industry jumped to a record high of $5.08. That rebound was in line with our recent OM price prediction . Mantra soared because of the recent call by BlackRock’s CEO for regulators to approve the tokenization of stocks and bonds. It also reached a deal to tokenize DAMAC’s real estate projects in Dubai. The daily chart reveals that the Mantra price has formed a bullish flag chart pattern, a popular continuation sign. This pattern comprises a long vertical line and a rectangle pattern, and is then followed by a bullish breakout. Mantra’s flag pole is at least 156% tall. As such, measuring the same distance from $4.53 means the coin is expected to rise to $11 in the long term. Mantra price chart | Source: crypto.news Optimism : The third-biggest layer-2 network prepares to unlock tokens worth over $53 million or 1.48% of the float. It now has over 1.35 billion tokens in circulation against a total supply of 4.29 billion. Optimism’s unlock comes when the token has been under pressure in the past few months. It has dropped to a low of $1.6295, down by 40.7% from its highest level in November. Optimism is hovering at the key support at $1.6076, where it failed to move below since Dec. 20. It has also formed a symmetrical triangle pattern. Therefore, a break below that level will likely point to more downside, potentially to $1.30, its lowest swing in November last year. Optimism price chart | Source: crypto.news Sui : Like Optimism, Sui will also have a big unlock worth $138 million or 1.1% of the float on Thursday. Only 37% of all SUI tokens have been unlocked , with the final one expected to happen in 2069. Sui’s token unlock comes when it is in a technical bear market after falling 22% from its highest level this year. It has moved below the lower side of the ascending channel. The coin has moved below the 50-day moving average, while the Relative Strength Index and the MACD have continued falling. Therefore, the coin will likely continue falling, with the next point to watch being at $2.9415, its lowest point on Nov. 26. Sui price chart | Source: crypto.news The other top coins to watch this week will be Pi Network, Ethereum, and dYdX. Pi Network’s know-your-customer verification deadline will end on Jan. 31. Ethereum will be in the spotlight as the market watches the controversy with the Ethereum Foundation . DYdX will unlock tokens worth $9.6 million on Wednesday. Read more: Jupiter price rises on heels of Moonshot majority stake acquisition

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