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Заголовок Toncoin Price Braces for Major Volatility as These Investors Step Back
Дата 20241018

Этим цветом    обозначаются известные системе слова и выражения, принимавшие участие в анализе данного текста, а таким    - идентифицированные, то есть соотнесенные с каким-либо объектом онтологической базы

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Toncoin Price Braces for Major Volatility as These Investors Step Back

Toncoin (TON• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Ton) price has struggled to breach the critical $5.37 barrier
throughout the month. Despite several attempts, the cryptocurrency• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта has been
unable to maintain momentum above this level.

However, Toncoin appears poised for major volatility , and the market is now
anticipating a possible price surge. Investors are keeping a close watch as
the coin prepares for what could be a significant shift in its price
trajectory.

Toncoin Investors Change Stance

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Recent data indicates that Toncoin’s supply is shifting from short-term
holders (STH) to mid-term holders (MTH). In the last two weeks, the supply
controlled by short-term holders has dropped from 50% to 35%, while mid-term
holders have increased their share by 15%, now controlling 61% of all TON• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Ton.

This change is crucial because short-term holders, typically holding for less
than a month, are more likely to sell quickly. In contrast, mid-term holders
tend to retain their assets for one to twelve months, which often supports
price stability. The growing dominance of mid-term holders is seen as a
positive sign for Toncoin s price .

Read more: What Are Telegram Bot Coins?

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Toncoin Supply Distribution. Source: IntoTheBlock

Toncoin’s macro momentum also suggests a potential price surge. Technical
indicators like the Bollinger Bands are currently forming a squeeze,
indicating that the price is consolidating and preparing for increased
volatility.

A Bollinger Bands squeeze is often followed by significant price movements,
and with the current low trading volume, any major market movement could
amplify this effect. If the broader cryptocurrency• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта market trends remain
bullish, this squeeze could propel Toncoin’s price upward. Toncoin Bollinger
Bands
. Source: TradingView

TON• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Ton Price Prediction: Volatility Ahead

Toncoin is currently trading at $5.19, just shy of the critical $5.37
resistance level. Breaching this barrier is crucial for a potential rally
toward $6.00. Investors are watching this key level closely, as surpassing it
could signal a bullish run.

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The technical and market indicators suggest that a breach of $5.37 is likely,
especially as volatility increases and selling pressure remains low. However,
simply breaking the resistance is not enough; Toncoin needs to hold $5.37 as a
support level to maintain its momentum and prevent a quick reversal.

Read more: What Are Telegram Mini Apps? A Guide for Crypto Beginners Toncoin
Price Analysis. Source: TradingView

If Toncoin fails to sustain its position above $5.37, a drawdown to $4.86 is
possible. In this case, the failed breach would result in a retracement,
cooling off the current bullish sentiment. Investors should monitor the market
closely to gauge whether Toncoin can secure its breakout or fall back to lower
levels.

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Disclaimer

In line with the Trust Project guidelines, this price analysis article is for
informational purposes only and should not be considered financial or
investment advice. BeInCrypto is committed to accurate, unbiased reporting,
but market conditions are subject to change without notice. Always conduct
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