🌎 Top Coins to Watch This Week

**Top Cryptocurrencies to Watch This Week: Mantra, Sui, and Optimism**

This week, the cryptocurrency market is expected to be heavily influenced by the price movements of Mantra, Sui, and Optimism. Mantra recently reached a new record high, while Optimism and Sui are set to unlock a significant number of tokens. Here’s a closer look at the technicals and trajectory of each token.

Mantra: A Record High and Bullish Flag Pattern

Mantra, a leading real-world asset (RWA) tokenization project, reached a record high of $5.08 on Sunday. This rebound aligns with recent predictions and is attributed to BlackRock’s CEO calling for regulators to approve the tokenization of stocks and bonds. Additionally, Mantra partnered with DAMAC to tokenize their real estate projects in Dubai.

The daily chart reveals a bullish flag chart pattern, a popular continuation sign. This pattern consists of a long vertical line and a rectangle pattern, followed by a bullish breakout. Mantra’s flag pole is at least 156% tall, indicating a potential long-term rise to $11.

Optimism: A $53 Million Token Unlock and Symmetrical Triangle Pattern

Optimism, the third-biggest layer-2 network, is set to unlock tokens worth over $53 million, representing 1.48% of the float. The token has been under pressure in recent months, dropping to a low of $1.6295. Optimism is currently hovering at the key support level of $1.6076, where it failed to move below since December 20.

A symmetrical triangle pattern has formed, indicating a potential break below the support level, which could lead to further downside, potentially to $1.30, its lowest swing in November last year.

Sui: A $138 Million Token Unlock and Technical Bear Market

Sui is set to unlock tokens worth $138 million on Thursday, representing 1.1% of the float. Only 37% of all SUI tokens have been unlocked, with the final one expected to happen in 2069. Sui is currently in a technical bear market after falling 22% from its highest level this year.

The coin has moved below the lower side of the ascending channel, the 50-day moving average, and the Relative Strength Index and the MACD have continued falling. This indicates a potential continuation of the bear market, with the next point to watch being at $2.9415, its lowest point on November 26.

Other Cryptocurrencies to Watch This Week

In addition to Mantra, Sui, and Optimism, other top coins to watch this week include Pi Network, Ethereum, and dYdX. Pi Network’s know-your-customer verification deadline will end on January 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.

For more cryptocurrency news and updates, visit Global Crypto News.