Toncoin (TON) is attracting strong attention as it registers many positive signs in the cryptocurrency market. With a significant increase in trading volume, the number of new addresses, and whale activity rising by 42%, TON is solidifying its position at a key support level and effectively attracting new users. This article provides in-depth analysis of the operational metrics of the TON network, price volatility, and derivatives trading trends to help investors seize opportunities and predict the next developments of Toncoin in a volatile market context. This is a reliable source of information, based on updated data, helping you gain a comprehensive and accurate view of the recovery potential as well as the risks that may arise.
The price increase momentum of Toncoin comes from whale activity and network growth
Whale activity in Toncoin recorded an inflow increase of 42.45% in the past week, indicating the return of high-value wallets after a long withdrawal period. This development coincides with the time when Toncoin maintained the support area from 2.60 to 2.70 USD, creating an important accumulation foundation. The return of large cash flows not only enhances liquidity but also creates momentum for Toncoin's price to challenge important resistance levels above.
In parallel, the number of new addresses on the Toncoin cryptocurrency network increased by nearly 30%, along with 23% of wallets with no balance joining, demonstrating the growing attraction from the user community. This increase helps develop a more sustainable Toncoin ecosystem, providing support for future price uptrends.
Technical Analysis of Toncoin: Key Support and Resistance Levels
In the past week, Toncoin has repeatedly tested the support area from 2.60 to 2.70 USD and successfully maintained this price level, establishing a solid short-term bottom. However, the price is currently still fluctuating below the declining resistance level, facing pressure from important Fibonacci levels at 3.15 and 3.28 USD. These are critical resistance levels that have repeatedly halted TON's upward momentum over the past month.
If the price can sustainably close above 3.28 USD, the uptrend will be reinforced and likely aim for the 3.46 USD and 3.69 USD levels. Conversely, Toncoin is still in the accumulation phase with a narrow price range, testing the patience and confidence of investors.
DAA divergence data and its impact on Toncoin price forecasts
The DAA divergence index of Toncoin is currently at +41.32%, indicating strong user activity compared to price movements. This index reflects actual demand and the sustainability of the increase in the network, contrasting with speculative price fluctuations. This is a positive sign that Toncoin is being used more, supporting the assessment of recovery potential and sustainable growth in the near future.
Combined with the increase in wallet addresses and the return of large cash flows from whales, Toncoin is building a solid foundation to break through resistance levels and enter a new growth cycle if the current trend persists.
Toncoin Derivatives Market: Signs of Increased Trading and Volatility Expectations
Activity in the Toncoin derivatives market this week recorded a trading volume increase of 54.48%, reaching nearly 95 million USD, along with Open Interest rising by 4.83% to over 192 million USD. This is a clear indicator that traders expect strong price volatility soon and are preparing for short-term or long-term investment opportunities.
Strong growth in both the spot and derivatives markets along with positive on-chain indicators create favorable conditions for Toncoin to break through when testing the resistance group. If the price surpasses the 3.28 USD area, buying pressure will be significantly amplified through leveraged positions.
Price Outlook for Toncoin after the 3.28 USD threshold
Toncoin is showing strong short-term recovery signals thanks to increased trading, whale activity, wallet creation levels, and positive DAA divergence indicators. However, all price increases still remain challenging, depending on whether the price can conquer the important resistance level at 3.28 USD.
If this resistance level is broken, Toncoin could accelerate towards the 3.46 to 3.69 USD range in the next trading sessions, opening up opportunities for the uptrend to continue. Conversely, TON will still be constrained within a narrow range and wait for clearer signals from the market.
Summarizing the indicators and trends above, Toncoin shows feasible breakout potential based on accumulation foundations and increasing participation from whale investors and the community. Investors should closely monitor strategic price areas to optimize opportunities and effectively manage risks.
Source: https://tintucbitcoin.com/toncoin-tang-manh-gia-se-len/
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