Toncoin

Rise

<p style="text-align: justify">You can also read this news on COINTURK NEWS: <a href="https://en.coin-turk.com/toncoin-price-sees-potential-surge/" data-wpel-link="internal">Toncoin Price Sees Potential Surge</a><br></p>
<p style="text-align: justify"><strong>Toncoin (TON)</strong> price might be poised for a potential increase in the short term due to shifting market winds. Investors are mobilizing to support a potential increase in value that would compensate for TON’s recent losses. The price of Toncoin could likely witness a revival depending on the actions of its investors. After weeks of decline, it is evident that <strong>TON</strong> holders are preparing for a potential price increase driven by their behaviors.</p> 
<h2 id="critical-metrics-in-ton">Critical Metrics in TON</h2> 
<p style="text-align: justify">The average age of cryptocurrency measures the average age of all cryptocurrencies circulating within a network and can provide insights about hodling patterns and potential market activities. An increase in this measurement indicates that investors are leaning towards hodling. Conversely, a decrease could mean investors are moving their tokens to different addresses. This could be a sign of low confidence in TON over the past few days. However, the measurement is currently noticing a trend which could mean that the Toncoin price could benefit from a rise. This possibility is further confirmed by the price difference among daily average addresses (DAA).</p> 
<p style="text-align: justify">The indicated indicator can reveal potential discrepancies between network activity and market valuation by comparing the number of daily average addresses transacting with a cryptocurrency to price movements. Considering the current increase in price and participation, the DAA price difference is signaling a buying opportunity. If investors start accumulating <strong>TON</strong>, the price of Toncoin could soon indicate a rise on the charts.</p> 
<p><img loading="lazy" loading="lazy" decoding="async" class="size-full wp-image-344178 aligncenter" src="https://coin-turk.com/wp-content/uploads/2024/04/ton.jpg" alt="" width="852" height="286"></p> 
<h2 id="17-rise-in-ton">17% Rise in TON</h2> 
<p style="text-align: justify"><strong>Toncoin’s</strong> price is trading at $5.9 at the time of writing and has been stuck in a descending channel for the past few days, moving downward. Considering the changing stance of investors, it appears that TON could escape this channel. A potential breakout above the upper trend line could indicate a 17.77% potential rise for TON. This situation would require the altcoin to surpass the $7.0 resistance line, potentially directing it towards the $7.8 target.</p> 
<h5><span style="font-weight:bold;font-size:16px">The post first appeared on COINTURK NEWS: </span> <a href="https://en.coin-turk.com/toncoin-price-sees-potential-surge/" data-wpel-link="internal">Toncoin Price Sees Potential Surge</a></h5>

Toncoin Price Sees Potential Surge

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