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

Ďalšie články zverejnené 26. 7. 2024

Reflexer Finance Crowdsources Ideas for RAI V2, Buterin Suggests Non-USD Backing

Elon Musk X Platform Removes Bitcoin and Crypto Hashtag

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

No BTC strategic reserve announcement from Sen. Lummis — Bitcoin 2024

Best Altcoins to Buy in 2024 as Gate.io Keeps Everyone Guessing

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

Pripojte sa k nášmu bezplatnému bulletinu a získajte denné aktualizácie kryptomien!