📈 Prediction (TON and FET):

🖖 TON/USDT - The price of #Toncoin is feeling the impact of declining bullish sentiment and confidence among #TON holders. This is evident from the decrease in the on-chain metric known as Mean Coin Age (MCA). This indicator measures the trading sentiment among long-term investors. It calculates the average number of days that coins in circulation have remained on their current addresses. An increase in this indicator suggests that investors prefer to hold onto the asset. Its decrease, on the other hand, means that investors are moving their assets between addresses, which is seen as a sign of low confidence. For TON, this indicator has been declining since February, but overall market signals continued to support the price of Toncoin. However, these signals are now weakening, and the lack of confidence might affect the price dynamics. Forecast: The price of Toncoin attempted to break through the resistance at $7.0 but has failed to do so in the past ten days. As a result, TON has fallen below the significant psychological support level of $6.5. A recent market-wide rally pushed the token above this support, but it couldn't sustain and retraced below it. This bearish sentiment will pressure Toncoin's price until investor behavior changes. Consequently, the cryptocurrency may test the support at $6.0. Losing this support could lead to a decline to $5.4.

🤫 FET/USDT - The price of #Fetch.ai broke through the resistance at $2.50 and reached $2.58, showing an almost 18% increase in three days. This allowed the altcoin to exit a month-long consolidation, but #FET may soon return to it. This is due to the aforementioned factors that suggest a bearish scenario for the price. Accordingly, Fetch.ai may lose support at the $2.50 level and fall to $2.26 or lower. On the other hand, a bounce from the $2.50 support could lead to sideways movement as the market cools down. Such dynamics might support the price if high demand persists, contradicting the pessimistic forecast.

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