Toncoin

<ul><li>CDD indicator reveals significant TON movements on June 12.</li><li>TON signals a potential price peak at $8, as long-term holders move 633M coins.</li><li>Toncoin underperforms the global crypto market and similar Layer 1 cryptos.</li></ul>Recently, Toncoin (TON) has been exhibiting intriguing market behavior, with key indicators suggesting potential distribution activity. According to a verified author on CryptoQuant, Joao Wedson highlighted that the Coin Days Destroyed (CDD) indicator witnessed significant movements by long-term holders. This development could hint at a price peak around $8 for TON.<img src="https://lh7-us.googleusercontent.com/docsz/AD_4nXfHkUuPpaRtz3UfmpK5S3IurvAUiQwXv00MPxNH6xCCKPKKsgPXYJ3nsSrkZd3WDmcG2-kkkQbf8pZ8Fz0iu-Dyjd5qK4j4ntz0W1BFFPJp_cxhEGbQk9a8g4WRmjNeHvuQZHm1rrxsbsZYzb317OdOMd5o?key&#61;__oU8uSS2vaIDSefmjiMbw" />The Coin Days Destroyed (CDD) indicator is a tool for analyzing market trends. It multiplies the number of coins moved on-chain at a particular time by the number of days since those coins were last moved. When a large volume of older coins starts to move, it signals that long-term holders are taking profits. At the same time, it could also prepare the market for a price correction.<a href="https://cryptotale.org/toncoin-market-sees-distribution-signals-as-price-nears-8-usd-peak/" rel="noopener noreferrer nofollow">Read more on CryptoTale.</a>Visit the links for more information <a href="https://cryptotale.org/" rel="noopener noreferrer nofollow">Website</a> | <a href="https://twitter.com/cryptotalemedia" rel="noopener noreferrer nofollow">Twitter </a>| <a href="https://t.me/cryptotale_news" rel="noopener noreferrer nofollow">Telegram </a>| <a href="https://www.instagram.com/cryptotalenews/" rel="noopener noreferrer nofollow">Instagram </a>|

Toncoin Market Sees Distribution Signals as Price Nears $8 USD Peak

CryptoTale

2024년 6월 20일에 게재된 다른 기사

CertiK admits Kraken’s $3m exploit, raises eyebrows for sending crypto to Tornado Cash

Trakx Announces The Launch of Trakx Solutions: Create Your Customized Crypto Baskets

Bitwise Updates Spot Ether ETF Filing; Pantera Capital Eyes $100M Investment

Jeremy Hogan Predicts No Clear SEC Win in Ripple Case Appeal

It’s ‘Do Or Die’ For Bitcoin Price Soon, Says Analyst

Cardano (ADA) and XRP Rebound Sparks Surge in Short Positions

무료 뉴스레터에 가입하여 매일 최신 암호화폐 소식을 받아보세요!