TON is completely the market maker of the project party. There was originally nothing. Duoluo sells STAR TON for fiat, but in reality, it’s all the selling pressure from TON. The project party is still pushing staking at a price of $7. There is no narrative or action on the entire chain. The above is the end point for Binance.
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🚨Toncoin blood loss of nearly three pounds! Whales are hoarding, will the price rebound or get worse?!😱💥
Toncoin (TON) suffered a setback, plummeting 22.53% in the past 30 days, from $5.6 to $2.9, with a further drop of 2.25% in the last 24 hours and an 11.68% decline over the week. Holders are only up 3%. However, whales are going against the trend, increasing their holdings from 426,300 to 603,400 in one day, with participation as high as 91%, viewing the drop as a good opportunity to buy the dip. The flow of funds to exchanges has sharply decreased, firmly indicating they are not selling!
The technical aspect hides a turning point, with RSI dropping to 27 entering the oversold zone, which may attract buyers. If there is a rebound, it could rise to $3.2; however, the negative CMF warns that selling pressure has not dissipated, and if this continues, it may test the bottom at $2.8. The market's fate is uncertain, traders need to closely monitor whale movements and key indicators to navigate this perilous recovery battle!
Toncoin (TON) suffered a setback, plummeting 22.53% in the past 30 days, from $5.6 to $2.9, with a further drop of 2.25% in the last 24 hours and an 11.68% decline over the week. Holders are only up 3%. However, whales are going against the trend, increasing their holdings from 426,300 to 603,400 in one day, with participation as high as 91%, viewing the drop as a good opportunity to buy the dip. The flow of funds to exchanges has sharply decreased, firmly indicating they are not selling!
The technical aspect hides a turning point, with RSI dropping to 27 entering the oversold zone, which may attract buyers. If there is a rebound, it could rise to $3.2; however, the negative CMF warns that selling pressure has not dissipated, and if this continues, it may test the bottom at $2.8. The market's fate is uncertain, traders need to closely monitor whale movements and key indicators to navigate this perilous recovery battle!
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