- AVAX may see volatility as 1.67 million tokens unlock, impacting price movement.
- OM is close to an all-time high, with strong support at $5.65.
- RUNE could rally after the V3.20 upgrade removes the controversial "mimir" key.
Three promising cryptos might experience significant price gains this week. AVAX, OM, and RUNE are all set for key developments. AVAX faces a massive token unlock, OM is nearing an all-time high, and RUNE could rally after a network update. These factors may create strong trading opportunities. Here’s why these three deserve your attention.
Avalanche (AVAX)
A major token unlock could bring big moves for AVAX. Over 1.67 million tokens, worth $42.5 million, will enter circulation. AVAX often gains momentum before these events as traders expect higher liquidity. The current price of $25.44 is close to the $26.95 resistance. A breakout could send AVAX to $31.15. A failed push higher could lead to a drop toward $22.70, shifting momentum downward.
Mantra (OM)
Mantra's OM has been resilient while many cryptocurrencies struggle. The current price of $6.15 is near the all-time high of $6.48. Holding support at $5.65 could help push OM into price discovery. Breaking past the previous high may attract more buyers. A drop under $5.65 could send OM below $5.00, weakening bullish sentiment.
THORChain (RUNE)
An upcoming upgrade could drive strong buying for THORChain’s RUNE. The V3.20 update will remove the controversial "mimir" key, improving governance. Many community members support the change, which could fuel a price surge. A move past the $1.39 resistance may send RUNE to $1.70. A failed breakout could lead to a drop toward $1.11.
Avalanche (AVAX), Mantra (OM), and THORChain (RUNE) all face key moments this week. AVAX’s token unlock may bring volatility, while OM inches toward a new high. RUNE’s upgrade could strengthen bullish momentum. These cryptos could see exciting price moves in the second week of February 2025.