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You can also read this news on COINTURK NEWS: <a href="https://en.coin-turk.com/challenging-week-for-altcoins-as-prices-tumble/" data-wpel-link="internal">Challenging Week for Altcoins as Prices Tumble</a> 
<a href="https://en.coin-turk.com/pepe-coin-and-dogecoin-doge-whats-the-direction-of-these-rising-altcoins-in-2023/" data-wpel-link="internal">Altcoins</a> are not having a good week, with most cryptocurrencies experiencing losses close to 10%. The 8% drop in <a href="https://coin-turk.com/kriptolar-git-gide-heyecanli-hale-geliyor-elon-musktan-bitcoin-btc-guncellemesi" data-wpel-link="internal">BTC</a> price is triggering even larger losses in altcoins. Despite entering the halving month, cryptocurrencies have not had a good start and are now focused on the upcoming break in the <a href="https://en.coin-turk.com/bitcoin-hits-years-high-with-institutional-interest-blackrocks-etf-catalyst/" data-wpel-link="internal">BTC</a> price. So, what are the current predictions for TON Coin? 
<h2 style="text-align: justify" id="ton-coin-commentary">TON Coin Commentary</h2> 
Telegram has millions of users and is facilitating the integration of crypto with such a large platform. Several steps announced last year have had significant impacts on the price. From the in-app wallet to the sale of channel names, many major moves have benefited TON Coin. 
<img loading="lazy" loading="lazy" decoding="async" class="wp-image-337146 aligncenter" src="https://coin-turk.com/wp-content/uploads/2024/04/GIOM-Ton-Coin.webp" alt="" width="1315" height="396"> 
TON Coin’s price recently exceeded $5, entering an important turning point. According to the GIOM metric, when the price surpasses $5.33, a significant portion of investors will become profitable, setting the stage for a larger rally. However, for now, the volume has dropped by 30% compared to yesterday, tempering the excessive optimism somewhat. 
<img loading="lazy" loading="lazy" decoding="async" class="size-full wp-image-337145 aligncenter" src="https://coin-turk.com/wp-content/uploads/2024/04/TON-Coin-Karliligi.webp" alt="" width="1200" height="800"> 
TON Coin remains cautious about the ATH level, feeling the pressure from short-term investors. These investors, who typically hold their assets for less than a month, currently possess 37% of the circulating supply and could pave the way for new highs if they act boldly. 
<h2 style="text-align: justify" id="ton-coin-price-prediction">TON Coin Price Prediction</h2> 
The falling volume and the possibility of short-term investors not remaining eager for a larger rally make a downturn seem more likely, even in the short term. The negativity in the BTC price also plays a role here. Considering all these factors, we could see Toncoin’s price continue its consolidation phase, retreating to $4.80. 
<img loading="lazy" loading="lazy" decoding="async" class="wp-image-337147 aligncenter" src="https://coin-turk.com/wp-content/uploads/2024/04/TON-Coin-grafik-tahmin.png" alt="" width="1312" height="537"> 
If selling pressure increases and deeper lows are targeted, then the support level to watch would be $4.48. Conversely, for a move in the opposite direction, an increase in investors’ risk appetite or a climb back to $71,500 levels for BTC price would be necessary. In this scenario, TON Coin’s price would target the resistance area of $5.44. This move could turn into an important opportunity to push the all-time high even higher. 
<h5>The post first appeared on COINTURK NEWS: <a href="https://en.coin-turk.com/challenging-week-for-altcoins-as-prices-tumble/" data-wpel-link="internal">Challenging Week for Altcoins as Prices Tumble</a></h5>

Challenging Week for Altcoins as Prices Tumble

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