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

Інші статті, опубліковані 20 черв. 2024 р.

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