3 Biggest Token Unlocks For Next Week

Key Takeaways

• SUI may correct as unlock aligns with bearish RSI divergence.
• OMNI faces a major supply shock with 16% of the supply released.
• OP could dip if support fails after wedge pattern completion.

Next week, key token unlocks for Sui (SUI), Omni Network (OMNI), and Optimism (OP) will occur, which could impact price volatility and trend shifts.

Each unlock involves millions of dollars worth of tokens entering the market, prompting close attention from traders and investors.

Sui (SUI)

On May 1, Sui will unlock 74 million SUI tokens, representing approximately 2.28% of its circulating supply.

This event is part of Sui’s structured token release schedule, which aims to provide steady liquidity while maintaining market balance.

With a total supply of 10 billion tokens capped, Sui’s gradual unlocking mechanism helps prevent sudden supply shocks that could destabilize the token price.

Investors should closely monitor the market’s response, as the unlock could either consolidate gains or trigger a short-term correction.​

SUI broke out of a descending channel and surged above $3.50, reaching overbought RSI territory.

The strong rally likely completed a bullish impulse wave, with a corrective (a)-(b)-(c) move now to play out. Relative Strength Index (RSI) shows bearish divergence, indicating waning momentum.

The 0.382 Fib level at $3.50 is a key resistance, with the 0.5 level at $2.93 its next support. A correction into these zones is expected before potential continuation.

Given the upcoming unlock on May 1, profit-taking and supply shock may align with this technical pullback, making the area around $2.90–$3.10 crucial for assessing renewed demand.

Omni Network (OMNI)

Omni Network is set to unlock approximately 15.98 million OMNI tokens on May 2, equating to 16% of its total supply.

This substantial increase in supply could lead to heightened price volatility, especially given OMNI’s relatively low liquidity.

The unlock includes allocations for core contributors, investors, and advisors, following a 1-year cliff and subsequent vesting periods.

The market’s reaction will largely depend on demand and the project’s ability to maintain investor confidence amidst the influx of new tokens.​

OMNI is near completion of a five-wave impulse, currently around $2.53, with visible bearish RSI divergence, suggesting local exhaustion.

A textbook (a)-(b)-(c) correction should form, targeting the $2.00–$1.73 zone.

The previous descending channel was broken, supporting a bullish mid-term bias, but the immediate outlook is corrective.

With 16% of the total supply unlocking on May 2, selling pressure could exacerbate this correction.

Price action between $1.73 and $2.00 will determine if the token can absorb new supply and form a higher low for renewed upside.

Optimism (OP)

Optimism will unlock approximately 31.34 million OP tokens on April 30, representing 1.89% of its circulating supply.

This unlock is part of Optimism’s predefined vesting schedule and includes distributions to investors and core contributors.

While the percentage increase in supply is relatively modest, investors should remain vigilant.

Even smaller unlocks can influence market dynamics, particularly if they accompany shifts in investor sentiment or broader market trends.

OP surged within a rising wedge structure and completed a five-wave move near $0.81 at the 0.5 Fib level of the prior decline.

RSI divergence confirms potential exhaustion. A correction in (a)-(b)-(c) structure is anticipated, targeting the $0.72–$0.65 range.

The technical setup aligns with the upcoming April 30 unlock, where 1.89% of supply will hit the market.

If OP holds the $0.70 area during the correction, it could resume the uptrend after digesting the supply.

A break below $0.65 would invalidate the short-term bullish thesis and point to deeper downside.