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

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