📈 Prediction (TON and MATIC):
😕 TON/USD - According to TON Stat, the number of wallets active in the last month has exceeded four million. This sounds impressive; however, this growth is mainly linked to tap-to-earn games and mini-apps in Telegram, such as Hamster Kombat. Despite the increase in active wallets, #TON is struggling to maintain a high volume of daily transactions. On August 8, the total transaction volume of Toncoin reached $11 million. However, this figure has since dropped nearly threefold to $3.2 million. Forecast: At the time of writing, Toncoin is trading at $6.44. The asset reached this mark after Binance listed the cryptocurrency. However, the Aroon indicator suggests that the growth may soon slow down. This index measures trend strength and consists of two lines: Aroon Up (orange) and Aroon Down (blue). Currently, Aroon Down has a higher value than Aroon Up, indicating that the upward trend may soon come to a halt. Additionally, the Moving Average Convergence Divergence (MACD) indicator, which measures momentum, is currently in negative territory. If these conditions persist, the price of TON could drop to $6.04. However, a rise in bullish sentiment and purchases could push the altcoin back to $6.91 or higher.
😴 MATIC/USD - Forecast: The daily chart for MATIC/USD shows that bulls have managed to recover some recent losses. However, the token faces serious challenges as its price remains below the key support level of $0.46. Furthermore, the Chaikin Money Flow (CMF) index, used to differentiate accumulation and distribution periods, has fallen to -0.12, indicating seller dominance. The Relative Strength Index (RSI), in turn, is still below the neutral level, suggesting that the bearish trend remains intact. If the situation does not change, #MATIC could drop to $0.40. However, a rise in bullish sentiment in the wider market could give the altcoin a chance to recover to $0.50.
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