🚨 $737M SUPPLY SHOCK: Is a Dump Coming for AVAX & ARB? 🚨
High alert for short term traders Over $737.7 Million in tokens are flooding the crypto market this week. Massive supply unlocks often mean heavy selling pressure as early investors and teams take profits💰
With the macro environment feeling bearish, these specific technical zones could trigger breakdown momentum👇👇
1️⃣ 📉 Today (May 12) Avalanche (
$AVAX )
💥The Influx: 1.67M tokens ($17M+) entering circulation today.
💥Current Trend: Ranging near the $10.07 zone. Persistent bearish pressure from key moving averages is weighting down growth.
💥Key Support to Watch: $9.39. A clean hourly close below this level exposes a fast drop toward major multi-month psychological support at $9.00.
2️⃣ 📉 May 16: Arbitrum (
$ARB )
💥The Influx: A massive 92.65M tokens ($13.36M) hitting the L2 market.
💥Current Trend: Consolidating flat around the $0.14 level with an overbought 7 day RSI.
💥Key Support to Watch: $0.129 (Fibonacci level). If this cracks ahead of the May 16 unlock, expect a swift correction to test the critical floor at $0.10
💡 Trading Angle👇👇
Look for breakdown chart patterns (like descending triangles) on the 1H/4H timeframes directly leading into these unlock hours. If buyers fail to absorb the spot supply, momentum shorts could pick up high volume. Protect your capital and manage your leverage closely.
#CryptoShorts #bearish #Write2Earn #altcoins #dyor Are you shorting these unlocks or waiting on the sidelines for a deeper dip? Let's discuss in the comments 👇