Toncoin Trades Worth $1 Billion Rock the Market During Whale Watch, Predicting Future Movements

  • Toncoin is making a splash with whale activity in its network!
  • TON may be facing a potential dip in price.

Exciting news for Toncoin [TON] as a recent report by CryptoQuant analyst Joao Wedson reveals a surge in whale activity on the network in the past few weeks. The whale transactions, ranging from 100,000 to 1 million TON, have exceeded $1 billion, indicating significant movement among the biggest addresses on the network.

The larger transactions account for over half of the network’s total volume, with transactions exceeding 1 million TON representing 30% of the overall volume.

Meanwhile, smaller transactions under 100 TON make up the majority of the activity but have a relatively lower impact compared to the larger transactions.

Despite the increased whale activity, there are concerns for TON’s price trajectory. The coin is showing signs of breaking below its key support level and falling below its moving average, indicating a possible price decline.

Additionally, recent data on TON’s price movements shows a decrease below its 20-day Exponential Moving Average (EMA) for the first time this month. This could signal a shift towards selling pressure and a potential decrease in the coin’s value.

Currently trading at $6.45, TON has seen a 3% decrease since the crossover below the 20-day EMA. The MACD line further suggests a bearish sentiment with a possible decline in price.

TON 1-Day Chart

Source: TON/USDT on TradingView

Are your investments flourishing? Try out the TON Profit Calculator to find out!

Should TON not maintain its crucial support level, the price could dip to $5.70. However, if support is retained, a push towards $6.7 could be on the horizon.

Next: Forecasting the potential impact of Ethereum ETFs approval by the SEC

🚀 Ailtra Crypto Bot Earned $13.4M Million in 11 Months with 0% Loss!

🚀 Ailtra generated $13.4M in 11 months only!

Unlock 15-55% Monthly Returns & Get $100 FREE!

Meet Ailtra Bot! Launching on 15th Aug: an AI Crypto Bot boasting 15%-55% monthly gains and $13.4M earnings in 11 months. 💸Secure a FREE $100 bonus and up to $20K potential via referrals every month. 🎉Only 1,500 spots are available in first phase – claim yours fast! 🔥

Ailtra.ai will not disclose your account information to any 3rd parties.