Sui (SUI), Omni Network (OMNI), and Optimism (OP) Tokens to Unlock Next Week

Next week, there will be a major token unlock for Sui (SUI), Omni Network (OMNI), and Optimism (OP), which has the potential to affect price volatility

Next week will see major token unlocks for Sui (SUI), Omni Network (OMNI), and Optimism (OP). These unlocks could impact price volatility and trends.

Optimism (OP) will unlock about 31.34 million OP tokens on April 30, which is 1.89% of its circulating supply.

The token unlock is part of the vesting schedule for investors and core contributors.

Even though the increase in supply is relatively small, investors still need to be cautious.

This minimal amount of unlocking can still affect market dynamics, especially if combined with changes in investor sentiment or broader market trends.

Technically, OP experienced a surge in a rising wedge pattern and completed a five-wave move at the 0.5 Fibonacci area of the previous drop.

There is also divergence in the RSI, confirming potential exhaustion.

A correction with pattern (a)-(b)-(c) is expected, with a correction target to the $0.72-$0.65 range.

This technical setup aligns with the token unlock on April 30, where 1.89% of the total supply will enter the market.

If OP manages to stay above the $0.70 zone during the correction phase, there is a chance to resume the uptrend once the new supply is absorbed.

However, if the price drops below $0.65, the short-term bullish scenario will be invalidated, and a deeper drop could occur.

On May 1, Sui will unlock 74 million SUI tokens, which is about 2.28% of the total circulating supply.

This unlock is part of Sui’s structured token release schedule, aiming to maintain liquidity gradually while balancing the market.

With a capped total supply of 10 billion tokens, this gradual token opening mechanism is designed to prevent sudden supply shocks that could destabilize prices.

Investors are advised to monitor the market reaction closely, as the unlocking could either reinforce existing price gains or trigger a short-term correction.

SUI prices previously broke out of the descending channel pattern and surged past $3.50, reaching the overbought region on the RSI indicator.

This sharp rise has likely completed the bullish impulsive wave, and now the market is preparing to enter corrective pattern (a)-(b)-(c). The Relative Strength Index (RSI) also shows bearish divergence, signaling weakening momentum.

The 0.382 Fibonacci level around $3.50 is an important resistance area, while the 0.5 level at $2.93 is the next support area. It is expected that there will be price correction towards these zones before there is a possibility of uptrend continuation.

With the token unlocking on May 1, potential profit-taking and supply pressure could coincide with this technical decline, making the price area between $2.90-$3.10 crucial to see if new demand will emerge.

Omni Network (OMNI) will unlock about 15.98 million OMNI tokens on May 2, which is equivalent to 16% of the total existing supply.

This sizable increase in supply could potentially lead to higher price volatility, especially considering OMNI’s relatively low liquidity.

The unlocking includes allocations to core contributors, investors, and advisors, according to a schedule that has passed the 1-year cliff and subsequent vesting periods.

The market reaction will largely depend on demand as well as the project’s ability to maintain investor confidence amid a flood of new supply.

Currently, OMNI is close to completing a five-wave impulsive pattern, with the price hovering around $2.53, accompanied by the appearance of bearish divergence on the RSI indicator that indicates signs of local exhaustion.

Technically, a correction of pattern (a)-(b)-(c) is expected, with a correction target towards the $2.00-$1.73 price zone.

Previously, OMNI has successfully broken the descending channel pattern, supporting a bullish bias in the medium term, although for now the outlook is corrective.

With 16% of the total supply set to open on May 2, selling pressure is likely to deepen this correction.

The price movement between the $1.73 to $2.00 range will be a crucial area to assess whether OMNI is able to absorb the new supply and form a higher low as a basis for further upside.