Core

Toncoin

Resistance

<a href="https://optimisus.com/news/blockchain-news/gasless-transactions-are-now-live-on-the-ton-blockchain/" rel="noopener noreferrer nofollow">Toncoin (TON)</a> has undergone a 12% decrease in value within the past six days, dropping below a significant threshold and failing to surpass it.  
The price is expected to stay below $7 in the upcoming days due to a decrease in the number of holders who are making profits, which is no longer at its earlier height.  
The In/Out of Money Around Price (IOMAP) indicates a substantial barrier to selling, as the data clearly demonstrates a significant sell-wall. The IOMAP group focuses on holding a cryptocurrency asset depending on their unrealized gains or losses.  
If a significant proportion of addresses are experiencing unrealized losses, the price range will function as a barrier, impeding further upward movement. Conversely, if a larger number of addresses are in profit, it will serve as a level of support for the cryptocurrency in question.  
Currently, 2,290 addresses are holding Toncoin and are experiencing unrealized losses. These addresses purchased a total of 1.15 million tokens at an average price of $7.05.  
In comparison, 1,510 addresses bought 636,690 TON tokens at an average price of $6.61.  
Recently, <a href="https://optimisus.com/press-releases/blockchain-life-2024-in-dubai-unveils-first-speakers-featuring-industry-leaders-from-tether-ledger-ton/https://optimisus.com/press-releases/blockchain-life-2024-in-dubai-unveils-first-speakers-featuring-industry-leaders-from-tether-ledger-ton/" rel="noopener noreferrer nofollow">the TON Core team</a>, in collaboration with non-custodial wallet Tonkeeper,<a href="https://optimisus.com/news/blockchain-news/gasless-transactions-are-now-live-on-the-ton-blockchain/" rel="noopener noreferrer nofollow"> launched the W5 smart wallet standard</a>, allowing gasless transactions on the TON blockchain. 
The post <a href="https://optimisus.com/news/crypto-news/toncoin-metric-shows-potential-sell-off-and-significant-resistance/" rel="noopener noreferrer nofollow">Toncoin Faces Potential Sell-Off and Significant Resistance</a> appeared first on <a href="https://optimisus.com" rel="noopener noreferrer nofollow">Optimisus</a>.

Toncoin Faces Potential Sell-Off and Significant Resistance

Optimisus

Otros artículos publicados el 26 jul 2024

Franklin Templeton & SBI Holdings to Launch Crypto ETF Firm in Japan

VanEck Sees Bitcoin Surging To $2.9 Million By 2050 As Reckless Governments Risk World Financial ...

Metaplanet, Semler Scientific were ‘zombie companies’ until Bitcoin, execs say

Bitcoin Tests Historical Support Level

Australia’s Big Banks Block Crypto Payments Amid Rising Crypto Popularity

Bring Your Friends to Banana NFT on Telegram and Earn up to 10,000 TON

¡Únete a nuestro boletín gratuito para recibir actualizaciones diarias de criptografía!