| Cryptocurrency | Price (USDT) |
|---|---|
| BTC | $107230.1200000000 |
| ETH | $2435.2410000000 |
| BNB | $648.3496500000 |
| XRP | $2.1847310000 |
| ADA | $0.5636025000 |
| SOL | $150.7578000000 |
| DOGE | $N/A |
| DOT | $3.4152100000 |
| LTC | $86.2974000000 |
| LINK | $13.3266600000 |
Category: CRYPTO NEWS
The post Toncoin Nears $4 as ETF Trends Support Litecoin and Dogecoin appeared on BitcoinEthereumNews.com. Toncoin trades between $3.70 and $3.90, with rising volume and whale accumulation suggesting a possible breakout above $4.00. If buying pressure holds, TON could reach $4.50, but failing to stay above $3.70 might lead to a drop toward $3.21. Toncoin (TON) remained between $3.70 and $3.90 during the previous 12 days because of market-wide stabilization. The cryptocurrency shows promise for breaking out in value because it continues to attract massive incoming whale investments alongside growing daily trading transactions. Toncoin’s Trading Volume Surges Amid Consolidation The market shows signs that more investors are entering Toncoin recently. Over the last three trading days, the volume of transactions has expanded consistently, indicating that markets might become more volatile. In past instances, when market activity increased during consolidation periods, price movement tended to become stronger afterward. Market statistics align with this market prediction. Looking at Bollinger Bands, it becomes clear that volatility contraction exists because the upper band reached $4.00 while the lower band settled at $3.21. Price swings tend to occur shortly after market compression occurs. The current Money Flow Index (MFI) value stands at 16.79, classifying it as an oversold reading and indicating future rebounds might occur when increased volume accompanies such readings. Toncoin Price Action | TONUSDT However, resistance remains a challenge. The 50-day moving average at $4.79 stands as a key hurdle. The placement of Parabolic SAR dots above the current price indicates that a bearish trend still exists. Once buying pressure succeeds in breaking above $4.00, the price could target the $4.50- $4.79 resistance territory. How Increased Whale Holdings Could Drive Toncoin’s Breakout The blockchain shows that major Toncoin investors significantly increased their holdings. Between February 14 and now, Whale Wallets have devoted approximately $250 million to buy 68 million new TON tokens through SEC-approved ETF filings. Anticorous market…
2025-02-19T03:41:07+00:00