Toncoin (TON) Heading For A 50% Price Move, Analyst Explains Why
A cryptocurrency analyst has explained how Toncoin could be awaiting a 50% price move, based on a technical analysis (TA) pattern. Toncoin Is Coiling Inside A Symmetrical Triangle In a new post on X, analyst Ali Martinez has shared a TA pattern forming in the daily price chart of Toncoin. The formation in question is a triangle, which forms when an asset’s price consolidates between two converging trendlines. Related Reading: Bitcoin Finds Support At Short-Term Holder Cost Basis, But For How Long? Triangles can be classified into a few different types based on the slope of their....
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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 […]
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....
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....
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.....
As the cryptocurrency market experiences volatility, savvy investors, often referred to as “sharks,” are strategically adding Toncoin (TON) and Mpeppe (MPEPE) to their portfolios. With both cryptocurrencies showing promise in unique areas of blockchain innovation and decentralized finance, this move has caught the attention of the broader crypto community. Let’s dive into why Toncoin (TON) […]