Key Takeaways
- FET has completed correction and shows signs of a bullish breakout.
- MRS wedge breakout is likely tied to upcoming token unlock.
- VENOM holding trendline support, as wave (v) setup forms.
Next week brings key token unlocks that could impact price dynamics across several altcoins.
Projects, like Fetch.ai, Metars Genesis and Venom, release new supply into the market, just as their price structures approach critical technical inflection points.
Traders and investors should monitor these events closely, as unlocks often coincide with heightened volatility and trend shifts.
This analysis looks at what the charts are signaling ahead of the unlocks.
Metars Genesis (MRS)
On April 22, 2025, Metars Genesis is scheduled to unlock around 10 million MRS tokens (worth about $128 million), representing roughly 12% of its total supply.
This tranche likely comes from early investor or team allocations, given that about 97% of MRS was already released before this event.
Such a large infusion of tokens–over a quarter of the token’s circulating market cap–is significant, and could introduce sell pressure, as the market absorbs the new supply.
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Traders often anticipate price volatility around big unlocks, and past large releases in similar projects have triggered short-term price dips before stabilizing.
However, this unlock, nearly completing MRS’s vesting schedule, could also remove future supply overhang, potentially allowing the market to find equilibrium post-unlock.
MRS is consolidating near $12.40 after forming a descending wedge from its March highs.
Price action is nearing the wedge apex, indicating a breakout is imminent. A bullish breakout could target the $28–$32 zone, while a bearish breakdown risks dropping below $11.
RSI is neutral near 50, offering no immediate edge. The upcoming token unlock might be a catalyst for either a breakout or a rejection from resistance.
Venom (VENOM)
Venom will be unlocked with approximately 59 million tokens (~$7.7 million in value) around April 25, 2025.
This amount equals about 2.9% of VENOM’s circulating supply, likely from a scheduled team or ecosystem allocation release.
While a 2.9% supply increase is more modest than some larger unlock events, it still adds notable liquidity that may weigh on the price if holders decide to sell.
Venom is a relatively new layer-1 project, so there is limited historical data. However, investors may recall that even small unlocks can spark caution in the short term.
The market impact might be mild, if demand absorbs the new tokens, but a brief price pullback is possible, as the additional supply is digested.
VENOM is mid-structure within a likely wave (iv) correction, following a parabolic rise from February to early April.
The price is currently testing an ascending trendline near $0.12. A bounce could initiate wave (v) toward the $0.15–$0.16 zone.
However, a breakdown from this trendline support could see a retracement toward the 0.382–0.5 Fib levels near $0.11–$0.095. RSI is weak, but holding above the oversold zone.
Fetch.ai (FET)
Around April 27, 2025, Fetch.ai is set to unlock roughly 3.2 million FET tokens (about $1.5 million worth), a very small portion, only ~0.12% of its total supply.
With roughly 78% of FET already circulating, this unlock likely represents one of the final vesting releases for team, investor, or community tokens.
The significance here is relatively low, compared to larger unlocks, but increasing the circulating supply can introduce price friction.
In FET’s case, past token releases of this minimal size have had muted effects on price, as the market’s ample liquidity and volume have so far absorbed such additions smoothly.
Barring any unforeseen sell-off, this small scheduled unlock is not expected to disrupt FET’s price trend materially. However, traders will watch for any subtle shifts in momentum.
FET has completed a W-X-Y-X-Z corrective pattern, with the final Z-wave bottoming around early April.
The breakout from the descending wedge suggests a potential trend reversal.
Price is testing resistance near $0.51, and a successful retest could lead to continuation toward $0.75. RSI is above 60, indicating bullish momentum.
However, a failed retest may cause a pullback toward $0.44, before continuation.
Disclaimer:
The information provided in this article is for informational purposes only. It is not intended to be, nor should it be construed as, financial advice. We do not make any warranties regarding the completeness, reliability, or accuracy of this information. All investments involve risk, and past performance does not guarantee future results. We recommend consulting a financial advisor before making any investment decisions.
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