Toncoin Price Analysis: Dwindling Open Interest Puts $6 Support Level at Risk
📉
Toncoin price analysis reveals a sluggish trend since last weekend, stabilizing above the $6.5 floor. This support level coincides with the lower trendline of a triangle pattern, which has been a crucial area for buyer interest. However, with declining open interest and supply pressure from broader markets, the TON coin faces a significant risk of losing the $6 support level.
The declining open interest indicates a weakening bullish sentiment and reduced trader participation. This situation could lead to a bearish outcome if the support level fails to hold, exacerbating the downward pressure on Toncoin's price.
In the case that the $6 support level breaks, it could trigger a more dramatic selloff, pushing the TON coin to explore lower levels. Market participants are advised to watch for signs of either a rebound or a deeper correction based on these indicators.
Source: coingape.com ↗
Bài viết tương tự (155)
Toncoin Explodes with $900 Million in Volume – Don’t Miss the Next Big Coin
Toncoin On The Path to Recovery With 6% Gains Overnight As Pavel Durov Released On Bail. Can TON Reach $7 This Week?
Toncoin Trims Losses, Beats Bitcoin and Ether, as TON Blockchain Comes Back Online
Toncoin Surges Back: Investors Eye $3.55 Billion Profit Potential Amid Recovery
24 Hours Price Analysis: Toncoin Faces Potential Pullback Despite Surging by 3.11% – Will Bulls Continue to Dominate?
Toncoin (TON) Faces Key Resistance at $5.17: Will It Break Through?: A 24-Hour Price Analysis
Toncoin 24-Hours Price Analysis: TON’s Bullish Recovery Above $5 – Will the Uptrend Continue?
Is Now the Perfect Time to Invest in Toncoin Before It Hits $10?
Toncoin (TON) Climbs 20% – Here’s What’s Pushing The Price Up
Toncoin Tumbles 40% from June High: Will It Rebound or Keep Falling?
Toncoin Price 24-Hours Analysis: TON Faces Bearish Pressure After Breakthrough Attempt at $4.87
Toncoin 24-Hours Price Analysis: Will TON Maintain its Bullish Momentum After Hitting A Setback at $5.54 Resistance Level?
Toncoin Targets New ATH: Could an 8% Weekend Rally Seal the Deal?
Toncoin Rally Above 4-Hour 100-Day SMA Puts TON On The Path To $7.6
Can Toncoin and Notcoin Reach New Heights? Predictions for August 2024
24 Hours Price Analysis: Toncoin (TON) Faces Minor Pullback After Hitting Resistance With a 2.70% Increase: What’s Next?
Toncoin’s 24-Hour Price Analysis: Resilience Amidst Market Uncertainty Showing 3.91% Increase
Toncoin (TON) Outshines Bitcoin During Market Downturn, TON Investors Use Profits To Join New 100X Casino Presale
Can Toncoin Recover After an 18% Plunge? Whales Think So!
Toncoin Reaches New Heights In Daily Active Addresses, Will It Impact TON’s Price?
Toncoin Gains Momentum: Why Analysts Are Betting on a $10 Breakout Soon
Toncoin (TON): Breaching $6.85 Could Unlock Profits for Investors
24-Hour Price Outlook: Toncoin (TON) Shows Signs of Weakness as It Struggles to Break Minor Resistance at $5.09
Toncoin (TON) Breaks $4.70 Support As Whale TON Investors Look For New 1000X Cryptocurrencies
Toncoin Declines, FET Surges: Analyst Unveil Insights
Toncoin (TON) Prices Soar After New Telegram Mini App Launch
Toncoin (TON), Uniswap (UNI), and Cronos (CRO) Defying Bearish Order
Toncoin (TON) Price Jumps 9% Post Pyth Network Partnership
Toncoin Among Top 3 Altcoins Leading A Massive Weekly Rally
Toncoin (TON) Hits New Milestone As USDT Issuance Tops $1 Billion
What Awaits Toncoin (TON), Which Experienced a Huge Drop? Experienced Analyst Reveals Expected Price Levels!
This Altcoin May Hit a New ATH in August If Bulls Validate an 8% Upswing This Weekend
Toncoin has emerged as one of the best performers of the 2024 crypto market!
Toncoin Price Hits Monthly 38.5M TON Resistance; Correction To Continue?
Toncoin: Is HODLing TON the way to go for buyers?
Toncoin’s Latest Milestone Is Good News, But Not for TON Price
Toncoin is up, while other cryptos are down – Is $6.85 next?
Toncoin Price Plunges as Binance Announces New Purchase Limits; What’s Next For TON?
Toncoin (TON) Struggles to Maintain $7 Support Amid Market Downturn
Toncoin Rises Amid Crypto Slump – Is $6.85 the Next Target?
Toncoin (TON) Price Eyes $10 Amid Bullish Recovery In Crypto Market?
Toncoin’s bullish odds – Addressing if profit-taking and distribution will affect it
Toncoin Surges as Market Declines
Toncoin (TON) Outperforms Crypto Market Following Binance Listing & Ecosystem Developments
Toncoin Price Eyes $10 Amid Optimistic Market Sentiments
Possible rise on the horizon for the price of the crypto Toncoin (TON)
Toncoin Price Rally Targets $8 As Addresses With Balance Hit 40M
Toncoin Price Targets New Highs After TON-Trust Wallet Integration
Toncoin Prices Rise Significantly
Crypto News Today: Is Toncoin Headed for a Crash Despite Binance Buzz?
Ton Coin Skyrockets 3.95% After Game-Changing Trust Wallet Partnership!
Toncoin set for $10? Volume surge fuels breakout hype!
Toncoin (TON) Rejects From a Crucial Range: Will This Popular Altcoin Follow the Trend?
Toncoin (TON) Briefly Dominates Market Rally, but Retreats Soon After
Toncoin (TON) Price Vulnerable to Another Downturn Amid Surge in Weak Hands
Toncoin Sees Short-Term Price Surge
Toncoin (TON) Price Rise to $6.85 Would Push Most Holders into Profit
Toncoin (TON) Price Drops Below $5: What to Expect Next
Toncoin Price Poised for 15% Rally, Traders Interest Skyrockets
Toncoin Price Surges 3% Bolstered By Promising Projects
Toncoin Network Locked Up! What's Happening? It Was Announced That This Altcoin Is The Reason!
Toncoin Price Positioned to Hit ATH Amid Growing Telegram Partnership Momentum.
Toncoin (TON) Whales Eye Profits Amid Price Surge
Toncoin (TON) May Outperform the Broader Market in September, Analyst Says
Toncoin price prediction – Will $7 fall for TON now after Bitcoin’s latest rally?
Toncoin Bull Run: Is This the Start of a Massive TON Price Rally?
Toncoin in downtrend since July: What are the odds of a bullish reversal?
Can Toncoin climb back to the top 10? Analyzing TON’s downtrend
Toncoin Open Interest Skyrockets, Eyes on 20% Price Rally
Toncoin soars 30% – But THIS indicator presents a warning sign to investors
This Altcoin May Soon Fall Under Bearish Influence- May Lose Over 10% in the Next Few Days
After Solana, Toncoin Could Be The Next Ethereum-killer
What’s the Latest on Toncoin (TON)? What Does the Data Show? Analytics Company Digs Deeper
70% of Toncoin (TON) Traders Are Bearish: Short Squeeze Incoming
Toncoin Price Rebounds Amid Speculation on Future Fed Interest Rates
Toncoin (TON) Holders Record Gains as Supply in Profit Climbs to Weekly High
Toncoin Climbs to Top 10 in Market Cap
Toncoin Price Eyes $8 Breakout as TON Network Hits $1 Billion USDT Issuance
Can Toncoin rally to $6.02? Why it’s a real possibility
Toncoin reacts to Telegram’s latest crypto update by hiking by…
Toncoin (TON) Whales Back in the Game, Targeting $5.95 Level
Toncoin (TON) Price Bullish Reversal Hints 50% Surge?
3 Reasons Why Toncoin Price May Surpass $10 in Q4
Toncoin surges 25% in a week to leave TON holders 6.2% in profit and…
Toncoin (TON) Escapes 41% Crash, Aims at Reclaiming $6
Toncoin Price Breaks Down Below Major Support; Another Sell-Off Ahead?
Toncoin price prediction – Is TON’s fall below $7 good news for you?
Is New ATH Imminent for Toncoin Price as Telegram Turns 11?
Toncoin rises 12% in 24 hours: Key factors behind TON’s rise
Toncoin’s (TON) Price Recovery Could Bring $3.55 Billion Worth of Profits Back
Toncoin Price Recovers Support Level
Is Toncoin’s (TON) Bullish Breakout an Indicator of Similar Price Action on Bitcoin?
Toncoin's (TON) and Solana (SOL) Price Recovery Could Yield $3.55 Billion in Profits for Investors
Toncoin Surges 12% in One Day
Toncoin Faces Market Struggles
Toncoin price prediction: Will the rally pick up again after recent dip?
Can Ethereum and Toncoin Regain Dominance and Replicate This New Altcoin’s Bullish Momentum?
Toncoin Drops 90% Overnight Due to DEX Failures—Invest in These Stable Altcoins for Years of Profit
Toncoin (TON) Bulls Aim to Stop the Telegram Coin from Going Underwater
Toncoin Gains 18% in 72 Hours: 3 Bullish Signs for Telegram Coin
Toncoin (TON) Set for Bullish Breakout, Eyes on 15% Price Surge
Toncoin Drops Sharply While LTC Flexes With 5% Surge; DTX Testnet Launch Pulls Global Capital With $2.1M Raised
Toncoin [TON] blockchain hits 1B transactions – Bull run ahead?
Toncoin (TON) Hits Accumulation Zone After 19% Decline
Toncoin (TON) Price Jumps 10%: Potential Buy Signal Revealed
Toncoin (TON) falls as its founder is arrested; Investors consider Ethereum (ETH) and Rollblock as safe havens
Toncoin (TON) Soars 5% As Telegram Founder Receives Massive Community Support
TON Down 10%; TRX Continues Rally; Intel Markets Kicks of ICO, Preparing to Reshape Crypto Trading
Toncoin: How liquidity clusters around $7 indicate a TON rally
Toncoin halted: 3-hour network outage triggers price, volume dip
Toncoin (TON) Price Likely to Bounce Back After Minor Rejection
Toncoin to fall below $6? Why traders expect further losses
Toncoin (TON) Price to $6 Next as Selling Pressure Comes to an End
Can Toncoin Price Rebound to $10 Amid Recent Market Turbulence?
Can Toncoin Price Rebound To $10? Whales Are Busy Accumulating Rollblock and Uniswap
Can Toncoin Price Rally 80% Amid T-Fund Launch?
Toncoin Price Shows Short-Term Upward Trend
Toncoin Gains Attention Despite Cryptocurrency Fluctuations
Toncoin Gains 12% in 24 Hours, Sparking Investor Interest
Toncoin Regains Critical Support Level
Investors Predict Toncoin Price Drop Despite Recent Surge
Toncoin Recovers Strongly and Enters the Top 10 by Market Cap
Toncoin Shows Strong Performance with Significant Price Increase
Altcoins Show Strong Signals of Rising in the Crypto Market
Toncoin Investors See Significant Gains
Toncoin Faces Challenges in the Cryptocurrency Market
Shiba Inu (SHIB) Faces Volatility Crisis as Toncoin (TON) Recovery Stalls Amid Bitcoin’s Chop Market
Toncoin’s V-Shaped Recovery Signals Promising Gains Amid Crypto Market Rebound
Toncoin (TON) Poised for Bullish Breakout Amid Strong Momentum and Growing Demand
Toncoin Faces Bearish Struggles After Remarkable 180% Rally in 2024
Toncoin Price Analysis: Triangle Pattern Signals Potential Breakout Amid Bearish Market
Toncoin Faces Bearish Pressure as It Falls Below Key EMAs
Toncoin Price Spikes 2.2% on Strategic Trust Wallet Integration Announcement
Toncoin Bears Strengthen as Market Trends Downward, Prices Set to Dip Below $6 Level
Toncoin (TON) Surges Amid Market Downturn: Potential 40% Upside as Technical and Fundamental Indicators Align
Toncoin Price Faces Potential 24% Decline as Bearish Pattern and TVL Drop Signal Further Losses
Toncoin (TON) Surges 12% in 24 Hours, Eyeing Key Resistance at $7.28
Toncoin Price Struggles to Overcome $6.25 Resistance Despite 22% Rebound
Toncoin Price Soars 14% on Telegram’s 11th Anniversary, Hits $17.92 Billion Market Cap
Toncoin Price Soars 42% Amid Market Recovery; Key Resistance at $6.58 Challenges Further Gains
Toncoin Defies Market Correction with Bullish Surge: Eyes $6.85 Amid Investor Sell-Off
Toncoin Surpasses Bitcoin in Market Recovery Performance
Toncoin Eyes Bullish Breakout As It Approaches Critical $6.8 Resistance Level
Toncoin Price Plummets as Open Interest and Trading Volume Decline
Toncoin (TON) Positioned for Potential 40% Surge Amid Market Breakout
Toncoin (TON) Recovers Slightly After Downtime Amidst Bitcoin-Led Market Decline
Toncoin (TON) Soars to $6.75 Amid Bullish Momentum and Investor Confidence
Toncoin Price Surge Boosts Trading Volume by 154%, Analysts Predict Rally to $10
Toncoin (TON) Surges Past Bitcoin (BTC), XRP, and Cardano: A Detailed Market Analysis
Toncoin (TON) Set to Propel Amid Altseason Surge: Analyst Insights Suggest Major Gains Ahead
Toncoin (TON) Surges 30%, Breaks Key Resistance Levels with Eye on $8 Milestone
Toncoin’s Recovery Gains Momentum as XRP Prepares for Another Surge and Bitcoin Eyes $70,000
Toncoin Surges Amid Market Turmoil: How It Outperformed Rivals During Recent Volatility
Toncoin (TON) Struggles Amidst Market Turmoil: Facing Major Losses While Resistance Dog (REDO) Defies Trend
Toncoin Surges Over 7% Amidst Flat Bitcoin and Ether Market, Analysts Predict Further Gains
