- PENDLE was overbought and high volatility could drag the price down to $3.75.
- The 4-hour YGG/USD chart displayed a golden cross which could see the token hit $1.20.
- More money flowed into AGIX, suggesting that the price might retest $1.30.
Despite having token unlocks this week, the prices of Pendle (PENDLE), Yield Guild Games (YGG), and SingularityNET (AGIX) have increased in the last 24 hours. At press time, PENDLE’s price had increased by 12.39%.
YGG’s value jumped by 14.87% while AI-themed AGIX climbed by 7.72%. According to data from Token Unlocks, PENDLE would unlock 0.09% of its supply, valued at $167,870 on March 27. On the same day, YGG would release 5.39% of its supply into circulation.
Lastly, AGIX’s token unlock was worth $9.99 million, representing 0.69% of its total supply. Typically, token unlocks cause high volatility and have impacts on liquidity. As such, Coin Edition looks at the possible impact on the prices of these tokens.
Pendle (PENDLE)
On the 4-hour timeframe, a red candlestick dragged PENDLE’s price from $ 4.12 to $3.98. This drawdown was a signal that so…
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