{"id":118938,"date":"2024-10-27T12:06:47","date_gmt":"2024-10-27T05:06:47","guid":{"rendered":"https:\/\/hotvideos24.online\/?p=118938"},"modified":"2024-10-27T12:06:47","modified_gmt":"2024-10-27T05:06:47","slug":"toncoin-sentiment-shifts-to-bullish-is-tons-rebound-ahead","status":"publish","type":"post","link":"https:\/\/hotvideos24.online\/?p=118938","title":{"rendered":"Toncoin sentiment shifts to bullish: Is TON&#8217;s rebound ahead?"},"content":{"rendered":"<p> <script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-3711241968723425\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-format=\"fluid\"\r\n     data-ad-layout-key=\"-fb+5w+4e-db+86\"\r\n     data-ad-client=\"ca-pub-3711241968723425\"\r\n     data-ad-slot=\"7910942971\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><br \/>\n<\/p>\n<div>\n<ul>\n<li><em>TON has declined by 14.64% over the past month.<\/em><\/li>\n<li><em>Market fundamentals indicated a shift in market sentiment, from bearish to bullish.<\/em><\/li>\n<\/ul>\n<p>Over the past month, the crypto market has experienced a strong upswing, with <a href=\"https:\/\/ambcrypto.com\/predictions\/bitcoin-price-prediction\" target=\"_blank\" rel=\"noopener\" data-wpel-link=\"internal\">Bitcoin [BTC]<\/a> surging to a local high of $69k.<\/p>\n<p>However, over the past week, the market has cooled down, with most cryptocurrencies going negative. Thus, the recent losses have started to outweigh monthly gains.<\/p>\n<p>One of the most hit altcoins was <a href=\"https:\/\/ambcrypto.com\/predictions\/the-open-network-price-prediction\" target=\"_blank\" rel=\"noopener\" data-wpel-link=\"internal\">Toncoin [TON]<\/a>. Since hitting a monthly high of $5.8, TON has experienced a significant decline.<\/p>\n<p>In fact, as of this writing, Toncoin was trading at $4.95. This marked a 2.42% decline over the past day.<\/p>\n<p>Equally, the altcoin has dipped by 14.64% on monthly basis, with an extension to this bearish trend by 6.06% on weekly charts.<\/p>\n<p>Notably, the prevailing market conditions have left the crypto community deliberating over the altcoin\u2019s trajectory.<\/p>\n<p>One of them is the popular crypto analyst <a href=\"http:\/\/On monthly charts, the crypto market saw a strong upswing as Bitcoin surged to a local high of $69k. However, over the past week, the market has cooled down with most cryptos going negative. As such, the recent losses have started to outweigh the monthly gains. One of the most hit, with the recent downtrend is Toncoin [TON}. As such, since hitting a monthly high of $5.8, Ton has experienced a significant decline. In fact, as of this writing, Toncoin was trading at $4.95. This marked a 2.42% decline over the past day. Equally, the altcoin has dipped by 14.64% on monthly with an extension to this bearish trend by 6.06% on weekly charts. Notably, the prevailing market conditions have left the crypto community deliberating over the altcoin's trajectory. One of them is the popular crypto analysts Ali Martinez who has suggested Ton's current conditions provides buying opportunity. TON TD Sequential shows a buy signal In his analysis, Martinez posited that TD sequential shows a buy signal on Toncoin's 12-hour charts. According to him, this suggests a potential price rebound in the near future. In context, what this means is that selling pressure is a warning and the bears are losing momentum. When sellers lose momentum, buyers can enter the market at lower prices thus creating buying pressure. As the buy signal has appeared, it has resulted in increased trading activities. Thus, Trading volume for Ton has surged by 126% to $313.1 million on 24-hour charts. This suggests that most likely traders are entering the market buying at lower prices. Therefore, if the market follows through, the prices will rebound and see further gains on price charts. What Ton Charts Suggest Although Ton has experienced a sustained decline, the current conditions suggest bears have exhausted and the altcoin could see gains on price charts. For example, Toncoin's large holder's Netflow to exchange netflow ratio has declined from a monthly high of 289% to 70%. This shows a shift in sentiment with large holders accumulating their assets as they anticipate more gains. Such a decline suggests market confidence. Additionally, Toncoin's Aggregated exchanges total outflows have increased from a low of 1.86 million tokens to 7 million Ton. This shows that most investors are withdrawing their Ton from exchanges to store in cold wallets. Such behavior suggests that investors are confident in the altcoin's future prospects. Simply put, Ton is experiencing a shift in market sentiment from bearish to bullish. Therefore, if this sentiment holds, Ton will reclaim a higher level. Thus, the altcoin will attempt a $5.4 resistance level in the near term. A breakout from this level will see Ton reach $5.8. However, if bulls fail to take over the market, a further decline will see a drop to $4.02.\" data-wpel-link=\"external\" target=\"_blank\" rel=\"nofollow external noopener noreferrer\">Ali Martinez<\/a>, who suggested that TON\u2019s current conditions signaled a buying opportunity.<\/p>\n<h2>TON shows a buy signal<\/h2>\n<p>In his analysis, Martinez posited that TD sequential showed a buy signal on Toncoin\u2019s 12-hour charts. This suggested a potential price rebound in the near future.<\/p>\n<div id=\"attachment_437015\" style=\"width: 1130px\" class=\"wp-caption aligncenter\"><a href=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/10\/tontd.jpg\" data-wpel-link=\"internal\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-437015\" class=\"wp-image-437015 size-full\" alt=\"\" width=\"1120\" height=\"2048\" srcset=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/10\/tontd.jpg 1120w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/10\/tontd-164x300.jpg 164w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/10\/tontd-560x1024.jpg 560w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/10\/tontd-768x1404.jpg 768w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/10\/tontd-840x1536.jpg 840w\" data-lazy-sizes=\"(max-width: 1120px) 100vw, 1120px\" src=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/10\/tontd.jpg\"\/><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-437015\" class=\"wp-image-437015 size-full\" src=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/10\/tontd.jpg\" alt=\"\" width=\"1120\" height=\"2048\" srcset=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/10\/tontd.jpg 1120w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/10\/tontd-164x300.jpg 164w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/10\/tontd-560x1024.jpg 560w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/10\/tontd-768x1404.jpg 768w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/10\/tontd-840x1536.jpg 840w\" sizes=\"auto, (max-width: 1120px) 100vw, 1120px\"\/><\/a><\/p>\n<p id=\"caption-attachment-437015\" class=\"wp-caption-text\">Source: X<\/p>\n<\/div>\n<p>What this means is that selling pressure is a warning, and the bears are losing momentum. When sellers lose momentum, buyers can enter the market at lower prices, thus creating buying pressure.<\/p>\n<p>The appearance of the buy signal has resulted in increased trading activities over the past day. Thus, TON\u2019s trading volume has surged by 126% to $313.1 million. Thus, most traders were entering the market at lower prices.<\/p>\n<p>If the market follows through, the prices will rebound and see further gains on price charts.<\/p>\n<h2>Gains ahead?<\/h2>\n<p>Although TON has experienced a sustained decline, the current conditions suggested that the bears were, and the altcoin could see some gains ahead.<\/p>\n<div id=\"attachment_437012\" style=\"width: 1210px\" class=\"wp-caption aligncenter\"><a href=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/10\/ITB_ton_large_holders_netflow_to_exchange_netflow_ratio_ton_2024-10-26T08_03_04.638Z.png\" data-wpel-link=\"internal\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-437012\" class=\"wp-image-437012 size-full\" alt=\"\" width=\"1200\" height=\"800\" srcset=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/10\/ITB_ton_large_holders_netflow_to_exchange_netflow_ratio_ton_2024-10-26T08_03_04.638Z.png 1200w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/10\/ITB_ton_large_holders_netflow_to_exchange_netflow_ratio_ton_2024-10-26T08_03_04.638Z-300x200.png 300w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/10\/ITB_ton_large_holders_netflow_to_exchange_netflow_ratio_ton_2024-10-26T08_03_04.638Z-1024x683.png 1024w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/10\/ITB_ton_large_holders_netflow_to_exchange_netflow_ratio_ton_2024-10-26T08_03_04.638Z-768x512.png 768w\" data-lazy-sizes=\"(max-width: 1200px) 100vw, 1200px\" src=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/10\/ITB_ton_large_holders_netflow_to_exchange_netflow_ratio_ton_2024-10-26T08_03_04.638Z.png\"\/><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-437012\" class=\"wp-image-437012 size-full\" src=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/10\/ITB_ton_large_holders_netflow_to_exchange_netflow_ratio_ton_2024-10-26T08_03_04.638Z.png\" alt=\"\" width=\"1200\" height=\"800\" srcset=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/10\/ITB_ton_large_holders_netflow_to_exchange_netflow_ratio_ton_2024-10-26T08_03_04.638Z.png 1200w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/10\/ITB_ton_large_holders_netflow_to_exchange_netflow_ratio_ton_2024-10-26T08_03_04.638Z-300x200.png 300w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/10\/ITB_ton_large_holders_netflow_to_exchange_netflow_ratio_ton_2024-10-26T08_03_04.638Z-1024x683.png 1024w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/10\/ITB_ton_large_holders_netflow_to_exchange_netflow_ratio_ton_2024-10-26T08_03_04.638Z-768x512.png 768w\" sizes=\"auto, (max-width: 1200px) 100vw, 1200px\"\/><\/a><\/p>\n<p id=\"caption-attachment-437012\" class=\"wp-caption-text\">Source: IntoTheBlock<\/p>\n<\/div>\n<p>For example, Toncoin\u2019s large holder\u2019s Netflow Ratio has declined from a monthly high of 289% to 70%. This showed a shift in sentiment, with large holders accumulating their assets as they anticipated more gains.<\/p>\n<p>Such a decline suggested market confidence.<\/p>\n<div id=\"attachment_437013\" style=\"width: 1210px\" class=\"wp-caption aligncenter\"><a href=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/10\/ITB_ton_outflow_volume_undefined_2024-10-26T08_15_41.138Z.png\" data-wpel-link=\"internal\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-437013\" class=\"wp-image-437013 size-full\" alt=\"\" width=\"1200\" height=\"800\" srcset=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/10\/ITB_ton_outflow_volume_undefined_2024-10-26T08_15_41.138Z.png 1200w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/10\/ITB_ton_outflow_volume_undefined_2024-10-26T08_15_41.138Z-300x200.png 300w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/10\/ITB_ton_outflow_volume_undefined_2024-10-26T08_15_41.138Z-1024x683.png 1024w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/10\/ITB_ton_outflow_volume_undefined_2024-10-26T08_15_41.138Z-768x512.png 768w\" data-lazy-sizes=\"(max-width: 1200px) 100vw, 1200px\" src=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/10\/ITB_ton_outflow_volume_undefined_2024-10-26T08_15_41.138Z.png\"\/><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-437013\" class=\"wp-image-437013 size-full\" src=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/10\/ITB_ton_outflow_volume_undefined_2024-10-26T08_15_41.138Z.png\" alt=\"\" width=\"1200\" height=\"800\" srcset=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/10\/ITB_ton_outflow_volume_undefined_2024-10-26T08_15_41.138Z.png 1200w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/10\/ITB_ton_outflow_volume_undefined_2024-10-26T08_15_41.138Z-300x200.png 300w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/10\/ITB_ton_outflow_volume_undefined_2024-10-26T08_15_41.138Z-1024x683.png 1024w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/10\/ITB_ton_outflow_volume_undefined_2024-10-26T08_15_41.138Z-768x512.png 768w\" sizes=\"auto, (max-width: 1200px) 100vw, 1200px\"\/><\/a><\/p>\n<p id=\"caption-attachment-437013\" class=\"wp-caption-text\">Source: IntoTheBlock<\/p>\n<\/div>\n<p>Additionally, Toncoin\u2019s total outflows on Aggregated Exchanges increased from a low of 1.86 million tokens to 7 million.<\/p>\n<p>This showed that most investors were withdrawing their Ton from exchanges to store in cold wallets. So, investors seemed confident in the altcoin\u2019s future prospects.<\/p>\n<hr\/>\n<p style=\"text-align: center;\">Read <a href=\"https:\/\/ambcrypto.com\/predictions\/the-open-network-price-prediction\" data-wpel-link=\"internal\">Toncoin\u2019s [TON] Price Prediction<\/a> 2024\u20132025<\/p>\n<hr\/>\n<p>Simply put, TON was experiencing a shift in market sentiment from bearish to bullish at press time. If this sentiment holds, Ton will reclaim a higher level.<\/p>\n<p>Thus, the altcoin could attempt a $5.4 resistance level in the near term. A breakout from this level will see Ton reach $5.8. However, if bulls fail to take over the market, a further decline will see TON drop to $4.02.<\/p>\n<div class=\"post-nav\">\n<div class=\"next-blog\">\n\t\t\t\t\t\t\t\t\t\t\tNext: <a href=\"https:\/\/ambcrypto.com\/trons-large-transactions-hit-2-month-high-more-gains-for-trx\/\" rel=\"prev\" data-wpel-link=\"internal\">TRON\u2019s large transactions hit 2-month high \u2013 More gains for TRX?<\/a>\t\t\t\t\t\t\t\t\t\t<\/div>\n<\/p><\/div>\n<\/p><\/div>\n<p><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-3711241968723425\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-format=\"fluid\"\r\n     data-ad-layout-key=\"-fb+5w+4e-db+86\"\r\n     data-ad-client=\"ca-pub-3711241968723425\"\r\n     data-ad-slot=\"7910942971\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><br \/>\n<br \/><div data-type=\"_mgwidget\" data-widget-id=\"1660802\">\r\n<\/div>\r\n<script>(function(w,q){w[q]=w[q]||[];w[q].push([\"_mgc.load\"])})(window,\"_mgq\");\r\n<\/script>\r\n<br \/>\n<br \/><a href=\"https:\/\/ambcrypto.com\/toncoin-sentiment-shifts-to-bullish-is-tons-rebound-ahead\/\">Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>TON has declined by 14.64% over the past month. Market fundamentals indicated a shift in market sentiment, from bearish to bullish. Over the past month, the crypto market has experienced &hellip; <a href=\"https:\/\/hotvideos24.online\/?p=118938\" class=\"more-link\">Read More<\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[],"class_list":["post-118938","post","type-post","status-publish","format-standard","hentry","category-business","entry"],"_links":{"self":[{"href":"https:\/\/hotvideos24.online\/index.php?rest_route=\/wp\/v2\/posts\/118938","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hotvideos24.online\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hotvideos24.online\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hotvideos24.online\/index.php?rest_route=\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/hotvideos24.online\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=118938"}],"version-history":[{"count":0,"href":"https:\/\/hotvideos24.online\/index.php?rest_route=\/wp\/v2\/posts\/118938\/revisions"}],"wp:attachment":[{"href":"https:\/\/hotvideos24.online\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=118938"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hotvideos24.online\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=118938"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hotvideos24.online\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=118938"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}