August 19, Tuesday 

ZKsync (ZK): 173.41 million ZK tokens ($11.10 million) will be unlocked. This accounts for 0.83% of the circulating supply. 

IOTA: Around 3.17 million tokens ($3.17 million) will be released, equal to 0.42% of the circulating supply. 

August 20, Wednesday 

LayerZero (ZRO): Approximately 24.68 million ZRO tokens ($51.91 million) will be unlocked. This represents 2.47% of the total supply, making it the week’s largest unlock. 

Kaito: 16.67 million Kaito tokens ($18.50 million) will be released, equal to 1.67% of the total supply. 

Melania Meme (MELANIA): 22.50 million MELANIA tokens ($4.82 million) will be unlocked, which is 2.25% of the circulating supply. 

August 21, Thursday 

Plume Network (PLUME): About 108.34 million PLUME tokens ($10.24 million) will be released, accounting for 1.08% of the total supply. 

These unlocks could create short-term selling pressure, so investors should stay cautious about potential volatility in the crypto market. 

You can also freely share your thoughts and comments about the topic in the comment section. Additionally, don’t forget to follow us on our Telegram, YouTube, and Twitter channels for the latest news and updates.

The post Major Crypto Token Unlocks: August 17–24 Highlights appeared first on Coin Engineer.

Support and Resistance Levels

Making wise judgments for traders and investors attentively monitoring ZRO depends on the major support and resistance levels. At $3.68, the initial support level is really sturdy and has previously given a solid basis to stop further falls. Should the price go below this, the next important support level is $2.75, a notable decline from its present value that would indicate negative momentum should it be hit.

Regarding opposition, the first major obstacle is at $4.51. The next opposition is at $5.60 should the price be able to surpass this level. With some estimates showing the coin might reach as high as $5.74 in the not too distant future, overcoming this obstacle could open the path for more profits.

Market Dynamics

ZRO’s Relative Strength Index (RSI) stays in the neutral zone, indicating that the market mood is neither overbought nor oversold, hence permitting possible upward rise should favorable tendencies keep on. The coin’s volume has also changed dramatically, suggesting more trade activity lately as interest has grown.

LayerZero remains bullish as it maintains the crucial technical levels of its price. Thus, investors should pay much attention to these support and resistance levels, as it has been seen that they set the short-term trend for ZRO. This is why it is important to remain as up to date as possible with any developments within the crypto market when one is a holder of LayerZero.

You can also freely share your thoughts and comments about the topic in the comment section. Additionally, don’t forget to follow us on our Telegram, YouTube, and Twitter channels for the latest news and updates.

The information in this article does not provide any investment advice.

The post LayerZero (ZRO) Coin Analysis: Navigating Key Support and Resistance Levels appeared first on Coin Engineer.

Bitcoin (BTC) recently retreated from $64,000 to $58,000, struggling to reclaim the $60,000 mark. Despite the overall negative market sentiment, certain altcoins have managed to stand out by showing notable gains.

These altcoins have attracted significant attention from bullish investors throughout the day.

So, which altcoins have managed to defy the broader market trend and climb to the top?

Dogs (DOGS)

Dogs (DOGS), a memecoin that has quickly gained millions of users thanks to its platform built on Telegram, has emerged as the top performer of the day. This popular token within the Ton ecosystem saw a remarkable 22.7% surge in the last 24 hours.

According to CoinGecko, DOGS’ market cap has reached $780 million, with a trading volume of $2.3 billion over the past day.

Immutable (IMX)

Immutable (IMX), a platform for creating NFTs on the blockchain, recorded a 9% increase over the past 24 hours, making it the second-best performing altcoin of the day.

IMX’s market cap now stands at $2.33 billion, with an 80 million-dollar trading volume in the last 24 hours.

LayerZero (ZRO)

LayerZero (ZRO), a Web3 project that facilitates data transfer between blockchains while supporting decentralization, was among the top gainers today. ZRO, one of the newer players in the crypto market, saw its value rise by 8% in the last 24 hours.

With a trading volume of $100 million in the past day, ZRO has reached a market cap of $450 million.

Sundog (SUNDOG)

Sundog (SUNDOG), one of the first memecoins launched by Sun Pump on the Tron blockchain, continues to remain in the spotlight. This memecoin has quickly gained popularity and was among the top performers of the day, climbing 6.1% over the past 24 hours.

SUNDOG’s market cap has exceeded $250 million, with a trading volume of $104 million in the last 24 hours.

Chromia (CHR)

Chromia (CHR), a blockchain initiative developed using a programming language called Rell, saw a 7.7% increase in value over the past 24 hours, making it one of the standout altcoins of the day.

CHR’s market cap has reached $172 million, with $39 million in trading volume over the last day.

Also, in the comment section, you can freely share your comments and opinions about the topic. Additionally, don’t forget to follow us on Telegram, YouTube and Twitter for the latest news and updates.

The post Which Altcoins Are Bullish Amidst the Crypto Market Downturn? appeared first on Coin Engineer.