Cryptocurrencies remained on edge last week as trading volume dried up due to the Christmas holiday.

Santa Claus Rise Has Pushed Bitcoin (Bitcoin) near the $100,000 level and then the momentum faded, pushing it below $95,000.

Sui (but) will be one of the top cryptocurrencies to watch this week as the Sui Foundation opens up more tokens. self class (king) and Stepen (GMT) is also worth watching.

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according to Davey's callSui tokens worth more than $138 million will be unlocked on Tuesday, and these tokens are part of the monthly unlocks that will occur until September 2069, when the total supply will reach 10 billion.

The four-hour chart shows that SUI price peaked at $4.9536 this month and then fell to the current $4.2. While it moved below the 50-day moving average, it also formed an inverse head and shoulders pattern, indicating a potential recovery in the coming days.

A potential catalyst for the recovery is the January effect, a situation in which most assets rise during the month.

Self layer

EigenLayer is one of the best cryptocurrency watches this week due to an upcoming big open scheduled for Tuesday. The network, which operates the largest redeposit platforms, will open tokens worth $80 million or 1% of the total supply.

This unlock will bring the total tokens unlocked to around 28%.

The EIGEN token peaked at $5.6 in December and then went into a bear market, falling 40% to the current $3.42. The coin moved below the 61.8% Fibonacci retracement level and the 25 moving average. It has formed a bearish triangle pattern with its lower side located at $3.31.

EIGEN is likely to see a downside breakout and reach the psychological point at $3. Conversely, an upward breakout above the downtrend line will indicate further gains.

GMT

GMT will also be in the spotlight this week as it opens $16.4 million worth of tokens, representing 1.5% of the float. The token will be unlocked on Saturday, January 4th.

the The GMT rate has become parabolic On Friday, it reached a high of $0.2500 and then suffered a major reversal to the current level of $0.177.

It has moved into the strong and reversal pivot point of the Murrey Math lines, while the RSI has moved from its extreme overbought point at 90 to the current 50.

While the path of least resistance for GMT is bearish, the token may bounce back as traders buy the dip. If this happens, the next potential reference level to watch will be at $0.2075, above the trading range.

Some other cryptocurrencies to watch this week are Cetus Protocol, Chelee, and Maverick Protocol.