Analyst Says Toncoin (TON) May Be Primed for Major Recovery—Here’s Why
Toncoin (TON) has faced a prolonged downturn, struggling to regain upward momentum after a tough week. Although it recently recorded a slight daily gain, the asset remains trapped in bearish territory, trading below the $4 mark. Despite this challenging price performance, analysts suggest that Toncoin may be nearing a significant accumulation phase. Related Reading: New Data Suggests Toncoin (TON) Might Be Undervalued—Here’s What It Means Key Metrics Indicate Potential Recovery Amid these market conditions, a CryptoQuant contributor, Crazzyblockk, recently shared a detailed outlook on TON.....
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After a steady decline, Toncoin (TON) has seen a slight price increase over the past day, rising by 1.7% to $3.85. This movement comes amidst ongoing discussions about its longer-term performance and accumulation trends. According to an analysis by CryptoQuant analyst Shiven Moodley, there are indications that TON holders are positioning for a potential rebound. Moodley’s observations, which are detailed in a recent post on CryptoQuant’s QuickTake platform, suggest that the asset may be entering an accumulation phase despite its recent downward trajectory. Related Reading: Analyst Says....
On-chain data suggests the Toncoin whales have participated in significant accumulation over the past week, which could be bullish for TON. Toncoin Whales Have Bought Large During The Last Seven Days As explained by analyst Ali Martinez in a new post on X, Toncoin whales have been active with net buying recently. The on-chain indicator […]
Toncoin price performance has been one of the brightest spots in the cryptocurrency market in a week that has been rather slow for the large-cap assets. While Bitcoin has struggled to achieve its dream of a $100,000 valuation, tokens like Toncoin (TON), Stellar (XLM), and XRP have continued to soar with double-digit returns. Specifically, TON seems to be finally coming to life after a somewhat sluggish start to the month of November. However, the question that would probably be lingering on several investors’ minds is — how long can the Toncoin price sustain this bullish momentum? Is....
The Toncoin price recovery has been one of the few bright spots in the cryptocurrency market over the past week. The climate of the broad market has been sluggish in the festive period, with the two largest assets Bitcoin and Ethereum struggling to make a mark. With the Toncoin price now approaching the $6 mark, it appears that the altcoin is now fully in its recovery phase. According to a pseudonymous analyst, a recent on-chain phenomenon suggests that the price rally for TON is only just beginning. What Happened Last Time TON Staking TVL Ratio Was At A Low Level? In a Quicktake post on....
Analysts fear that Bitcoin is primed to drop after the $14,000 break on Saturday. The recent price action has been spotty due to a lack of follow-through at $14,000. An analyst also added that with uncertainty in the stock market and with the U.S. Dollar Index on support, BTC has a good chance at moving lower as opposed to higher. Bitcoin Primed to Drop, Analysts Fear Analysts fear that Bitcoin is primed to retrace as […]