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Toncoin (TON) Price to $6 Next as Selling Pressure Comes to an End Beincrypto 01 Sep 2024

Toncoin (TON) Price to $6 Next as Selling Pressure Comes to an End 📈

Toncoin (TON) has been struggling with a bearish trend following the arrest and release of Telegram CEO Pavel Durov. However, investor behavior is shifting back to bullish as the selling pressure subsides.

Recent data shows a decline in active deposits, suggesting that the selling pressure is easing and investor confidence is growing. This reduction in panic selling indicates that stability is returning to the market, potentially paving the way for a price recovery for Toncoin.

The overall macro momentum suggests a shift from bearish to bullish territory. The MACD indicator is hinting at a trend reversal as bearish momentum recedes, signaling that downward pressure is weakening. A bullish crossover on the MACD could confirm this trend reversal, potentially leading to a sustained recovery for Toncoin.

Currently trading at $5.36, Toncoin is trying to recover from a 23% crash in August. Breaking through the key resistance level at $5.49 could trigger a rally towards $6.04, a crucial psychological level for investors. However, if Toncoin stays within the consolidation zone between $5.49 and $4.85, it might delay significant price recovery.

Sumber: beincrypto.com ↗

Artikel Serupa (163)

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Toncoin 24-Hours Price Analysis: TON’s Bullish Recovery Above $5 – Will the Uptrend Continue? Fxcryptonews 10 Sep 2024
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Toncoin 24-Hours Price Analysis: Will TON Maintain its Bullish Momentum After Hitting A Setback at $5.54 Resistance Level?
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24 Hours Price Analysis: Toncoin (TON) Faces Minor Pullback After Hitting Resistance With a 2.70% Increase: What’s Next?
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Can Toncoin Hold Above $5.37? A Crucial Moment for Investors!
TON Price Analysis: Toncoin Shows Resilience as it Surges by 0.64% Amid Volatility in the Last 24 Hours – What is Next? Fxcryptonews 18 Okt 2024
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24 Hours Price Analysis: Toncoin Faces Potential Pullback Despite Surging by 3.11% – Will Bulls Continue to Dominate?
24-Hour Price Analysis: Toncoin Price Shows Signs of Consolidation, Surging by 2.72%— Will Bulls Take Control?  Fxcryptonews 04 Okt 2024
24-Hour Price Analysis: Toncoin Price Shows Signs of Consolidation, Surging by 2.72%— Will Bulls Take Control? 
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Toncoin Sharpe Ratio Rising, Is TON Readying For $8? Newsbtc 15 Okt 2024
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Toncoin’s trends: Analyzing the impact of an 80% transaction surge Ambcrypto 22 Sep 2024
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What’s Next for Toncoin? Whales Aggressively Moving Their Money Out of TON to Competitor Rallying Towards $0.10
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Toncoin (TON) Nears 50-Day SMA, Targets 20% Price Surge
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Could Toncoin rally to $7? Key price patterns suggest potential
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Toncoin (TON) Bears Eye 30-Day Low as Price Risks 15% Correction
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Will USDT Popularity on TON Boost Toncoin Price for $8 Breakout?
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Toncoin (TON) Struggles to Gain Traction: 17% Drop Ahead
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3 TON Charts Signaling a Major Toncoin Price Rally This November
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Toncoin’s Bullish Breakout: Can It Surpass $6.03 and Target $8.30? Coinotag 22 jam yang lalu
Toncoin’s Bullish Breakout: Can It Surpass $6.03 and Target $8.30?
Assessing Toncoin’s Potential Buying Opportunity Amid Bearish Indicators and Market Dynamics Coinotag 3 hari yang lalu
Assessing Toncoin’s Potential Buying Opportunity Amid Bearish Indicators and Market Dynamics
Could Toncoin’s Consolidation Hint at a Potential Bullish Breakout This Weekend? Coinotag 19 Okt 2024
Could Toncoin’s Consolidation Hint at a Potential Bullish Breakout This Weekend?
Is Now the Right Time to Consider Toncoin Swaps? Exploring Potential Trends Amidst Market Volatility Coinotag 15 Okt 2024
Is Now the Right Time to Consider Toncoin Swaps? Exploring Potential Trends Amidst Market Volatility
Toncoin (TON) Surges: Explore Top Wallets for Secure Storage and Transactions Coinotag 30 Sep 2024
Toncoin (TON) Surges: Explore Top Wallets for Secure Storage and Transactions
Toncoin (TON) Faces Demand Challenges: Could a Break Above $5.35 Signal a Potential Rebound? Coinotag 3 minggu yang lalu
Toncoin (TON) Faces Demand Challenges: Could a Break Above $5.35 Signal a Potential Rebound?
Toncoin Tests 200-Day EMA Resistance: Bulls Aiming for Upside Potential Amid Recent Market Strength Coinotag 5 hari yang lalu
Toncoin Tests 200-Day EMA Resistance: Bulls Aiming for Upside Potential Amid Recent Market Strength
Shiba Inu (SHIB) Faces Volatility Crisis as Toncoin (TON) Recovery Stalls Amid Bitcoin’s Chop Market Coinotag 31 Agt 2024
Shiba Inu (SHIB) Faces Volatility Crisis as Toncoin (TON) Recovery Stalls Amid Bitcoin’s Chop Market
Toncoin (TON) Remains Resilient Amidst Telegram’s Regulatory Compliance Coinotag 23 Sep 2024
Toncoin (TON) Remains Resilient Amidst Telegram’s Regulatory Compliance
Could Toncoin Break the $5.37 Barrier? Exploring Potential Price Movements Amidst Growing Volatility Coinotag 18 Okt 2024
Could Toncoin Break the $5.37 Barrier? Exploring Potential Price Movements Amidst Growing Volatility
Toncoin’s 11% Decline Suggests Possible Buying Opportunity Amid Bearish Sentiment and Market Risks Coinotag 2 minggu yang lalu
Toncoin’s 11% Decline Suggests Possible Buying Opportunity Amid Bearish Sentiment and Market Risks
Toncoin Surges Over 7% Amidst Flat Bitcoin and Ether Market, Analysts Predict Further Gains Coinotag 09 Sep 2024
Toncoin Surges Over 7% Amidst Flat Bitcoin and Ether Market, Analysts Predict Further Gains
Toncoin (TON) Struggles Amidst Market Turmoil: Facing Major Losses While Resistance Dog (REDO) Defies Trend Coinotag 04 Sep 2024
Toncoin (TON) Struggles Amidst Market Turmoil: Facing Major Losses While Resistance Dog (REDO) Defies Trend