Flow

bullish

Toncoin

<p style="text-align: justify">You can also read this news on COINTURK NEWS: <a href="https://en.coin-turk.com/toncoin-regains-critical-support-level/" data-wpel-link="internal">Toncoin Regains Critical Support Level</a><br></p>
<p style="text-align: justify"><strong>Toncoin</strong> (TON) price, affected by the broad market downturn, fell to a three-month low. However, it regained a critical support level, reviving <a href="https://finance.coin-turk.com/" data-wpel-link="exclude">investors</a>‘ profit hopes. Toncoin is currently trading at $5.53, offering potential profit opportunities to investors. In the last 24 hours, TON dropped 12% from $6.00 to $5.27, losing significant supply profitability. According to the Global In/Out of the Money (GIOM) indicator, 643.86 million TON bought between $5.47 and $6.15, worth approximately $3.55 billion, are awaiting profit.</p> 
<h2 style="text-align: justify" id="cmf-indicator-and-market-trends">CMF Indicator and Market Trends</h2> 
<p style="text-align: justify">Toncoin’s Chaikin Money Flow (<strong>CMF</strong>) <a href="https://newslinker.co/how-does-artificial-intelligence-work/" target="_blank" rel="noopener" data-wpel-link="exclude">data shows</a> the <a href="https://en.coin-turk.com/key-levels-for-ethereum-bnb-and-solana-as-crypto-prices-fluctuate/" data-wpel-link="internal">altcoin</a> experienced the highest outflows in the last six months. These significant outflows reflected a noticeable decrease in buying pressure and investor sentiment. However, a sign of recovery is observed with the resumption of inflows. This change indicates a return of investor interest and positive market trends for the altcoin.</p> 
<p><img loading="lazy" loading="lazy" decoding="async" class="wp-image-377349 size-full aligncenter" src="https://coin-turk.com/wp-content/uploads/2024/08/toncoin.webp" alt="" width="1600" height="391"></p> 
<p style="text-align: justify">Toncoin’s price is aiming to surpass the $6.04 resistance on the daily chart. The altcoin should first secure $5.49 as support. A successful test could push Toncoin’s price back up, potentially reaching $6.00 and beyond. To make the specified supply fully profitable, the $6.15 level needs to be marked. This development will be possible by surpassing and converting the $6.04 resistance into support.</p> 
<h2 style="text-align: justify" id="possible-scenarios-for-toncoin">Possible Scenarios for Toncoin</h2> 
<p style="text-align: justify">If <strong>TON</strong> fails to secure the $5.49 support level, it may continue to struggle around this price. The likely outcome could be consolidation below $6.00 and prolonged profit anticipation. This situation would invalidate the bullish thesis.</p> 
<p style="text-align: justify">Investors should closely monitor Toncoin’s market movements and support-resistance levels. The $5.49 level stands out as a significant test point, while the $6.04 and $6.15 levels are critical resistances. Surpassing these levels could bring significant profit opportunities.</p> 
<p style="text-align: justify">Toncoin’s price recovery has the potential to offer substantial profits to investors if the right levels are surpassed. Monitoring market dynamics and investor sentiment will play a critical role in this process.</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-regains-critical-support-level/" data-wpel-link="internal">Toncoin Regains Critical Support Level</a></h5>
<p>The post <a href="https://en.coin-turk.com/toncoin-regains-critical-support-level/" data-wpel-link="internal">Toncoin Regains Critical Support Level</a> appeared first on <a href="https://en.coin-turk.com" data-wpel-link="internal">COINTURK NEWS</a>.</p>

Toncoin Regains Critical Support Level

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