3 Altcoins To Monitor Closely as April Trading Begins

Key Takeaways

• Optimism, Sui, and ZetaChain face impactful token unlock events.
• Technical setups suggest breakout potential across all three charts.
• Watch for increased volatility and possible trend reversals this week.
• Interested in buying or selling OPTIMISM OP? Read our review of the best exchanges to buy and sell OPTIMISM OP.

Each week brings new developments that can significantly impact price action, from token unlocks and exchange listings to protocol upgrades and community milestones.

Three coins stand out for the week of March 31 to April 6, 2025, due to major upcoming events that could drive volatility and open trading opportunities.

Here are three cryptocurrencies to watch closely next week: Optimism (OP), sui (SUI), and ZetaChain (ZETA).

Optimism (OP)

Optimism (OP), a Layer 2 scaling solution for Ethereum, will experience a token unlock on March 31, which could influence market sentiment.

Approximately 1.93% of the circulating supply—valued at over $26 million—will be released into the market.

Token unlocks typically lead to increased supply, which can exert downward pressure on prices unless demand simultaneously rises.

This event may also prompt strategic decisions from investors and insiders receiving the unlocked tokens.

Given Optimism’s growing role in Ethereum scaling and its involvement in major development ecosystems, this unlock is an important moment to monitor for potential price fluctuations and volatility.

OP appears to complete a descending wedge pattern, approaching a key demand zone near $0.80.

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The RSI shows oversold conditions, hinting at a potential bounce. If wave (e) finalizes in this zone, a bullish breakout toward the $1.18 resistance level is possible.

The upcoming token unlock could act as a catalyst—either confirming a reversal or pushing the price deeper into support before recovery.

Sui (SUI)

Sui, a high-performance Layer 1 blockchain built using the Move programming language, is scheduled for a significant token unlock on April 1.

Around 2.03% of its circulating supply, equivalent to an estimated $165 million, will enter circulation.

This substantial increase in token availability could trigger short-term selling pressure, especially if recipients decide to cash out.

However, the unlock could also be seen as a test of investor confidence in Sui’s long-term vision and utility.

With a growing DeFi ecosystem and ongoing technical development, Sui continues to attract attention. Traders should watch how the market absorbs this new supply next week.

SUI has broken out of its downward channel, finding support around the $2.30–$2.40 area.

The breakout aligns with an improving RSI and bullish momentum.

The token unlock event on April 1 may introduce short-term volatility, but price action suggests a potential move toward the $2.93 and $3.50 Fibonacci resistance levels, provided support holds.

If the market reacts negatively, a retest of the breakout zone is likely before further upside.

ZetaChain (ZETA)

ZetaChain, a Layer 1 blockchain built for universal interoperability across chains, is preparing for a token unlock on April 1, 2025.

This unlock will release approximately 6.05% of ZETA’s circulating supply, valued at over $15 million.

Token unlocks often create short-term market volatility, as increased supply can put downward pressure on prices if demand doesn’t keep pace.

Given ZetaChain’s mission to enable seamless cross-chain communication—including with non-smart contract chains like Bitcoin—this project continues to attract interest from developers and investors alike.

With growing momentum and increasing DeFi integration, this unlock could be a key moment for price action and project visibility.

ZETA recently broke above a long-term descending trendline after finding strong support near $0.20–$0.25.

RSI indicates bullish momentum following the breakout, suggesting growing interest.

The April 1 token unlock could temporarily weigh on price, but if the breakout holds, a rally toward $0.60 or higher is possible.

The structure hints at a potential trend reversal after prolonged accumulation and downtrend.