Cryptocurrencies remain tense as Bitcoin continues to face challenges in surpassing the critical resistance level at $100,000.

This week may see a surge in recent gains as investors return to work following the Christmas and New Year festivities, coinciding with Donald Trump’s upcoming inauguration. Here’s a look at some notable cryptocurrencies to monitor this week, including Ethereum Name Service, Aptos, and Flare.

Ethereum Name Service

Ethereum Name Service (ENS) — recognized as the largest domain registrar within the cryptocurrency space — is among the key tokens to watch in the coming week. The network is set to release 1.46 million ENS tokens, valued at over $52.79 million, to contributors and the community. These releases are part of the ongoing monthly distributions scheduled to occur until November of this year.

The ENS price reached a peak of $50.5 in December but then experienced a decline of roughly 28%, dropping to a low of $30.47. This significant level represents the highest swing recorded in March of last year. The price has remained above both the 50-day and 100-day Exponential Moving Averages.

The outlook for the Ethereum Name Service token looks optimistic as it stays above critical averages and has established a break-and-retest pattern. If this trend persists, the next significant level to monitor will be its 2024 high of $50.50.

Flare 

Flare (FLR), a well-known Ethereum Virtual Machine, is another cryptocurrency to keep an eye on as it prepares to unlock tokens totaling $47.6 million. These tokens are significant as they will represent approximately 3.2% of the total float.

The daily chart indicates that the Flare token has formed a combination of a falling wedge pattern and a bullish flag. A wedge consists of two descending trendlines that are converging towards a common point.

Support from the 50-day moving average suggests that Flare is likely to rebound, potentially retesting the crucial resistance level of $0.0325, its peak reached on June 5.

Aptos

Aptos (APT) is another notable coin to watch this week as it undertakes its monthly token unlocks.

The native token of the Aptos blockchain will release 11.31 million tokens, which will be distributed to the community, core contributors, investors, and the foundation. Monthly unlocks will continue until September 2032.

Progress within the Aptos network is impressive, with its total locked value exceeding $1.07 billion and stablecoin valuations reaching $646 million. Key players in the ecosystem include Aries Markets, Echo Protocol, Thala, and Echelon Market.

On the daily chart, the APT token has seen a rebound in recent days after forming a falling wedge pattern. It has successfully retested the key support level of $10 and remains above the ascending trendline that connects the lowest swings since August 5.

Consequently, the coin is expected to maintain its upward trajectory as long as it stays above the ascending trendline.