Toncoin

Cloud

<p style="text-align: justify">You can also read this news on BH NEWS: <a href="https://en.bitcoinhaber.net/investors-expect-toncoin-price-decline" data-wpel-link="internal">Investors Expect Toncoin Price Decline</a><br></p>
<p style="text-align: justify">Toncoin (TON) experienced a significant price surge last week, with its value climbing nearly 20%. Despite this notable increase, <a href="https://finance.coin-turk.com/" rel="nofollow noopener" target="_blank" data-wpel-link="exclude">short-term investors</a> are predicting a decline. At the moment of reporting, TON was valued at $6.27. The altcoin’s recent performance has sparked a wave of short positions in the futures market, indicating a prevailing bearish sentiment among investors.</p> 
<h2 id="why-are-investors-pessimistic">Why Are Investors Pessimistic?</h2> 
<p style="text-align: justify">The negative funding rate on cryptocurrency exchanges highlights this sentiment. As of now, TON’s funding rate stands at -0.028%, a trend that has been consistent since mid-June, according to Santiment data. This negative rate suggests that more investors are betting on a price drop than those expecting an increase.</p> 
<p style="text-align: justify">The funding rate mechanism ensures that the contract price of perpetual futures aligns with the underlying asset price. A negative rate indicates that the demand for short positions exceeds long positions, reflecting an expectation of price decline.</p> 
<h2 id="what-does-chart-analysis-show">What Does Chart Analysis Show?</h2> 
<p style="text-align: justify">Technical analysis further supports this outlook. Currently, TON’s price is below the Ichimoku Cloud, signaling a bearish trend. The cloud acts as a critical support and resistance area, and trading below it indicates the price is under both short-term and long-term averages.</p> 
<h2 id="inferences-for-investors">Inferences for Investors</h2> 
<p style="text-align: justify">While examining the ongoing market trends and technical indicators, investors can derive several actionable insights: </p> 
<ul> 
 <li>Negative funding rates point to dominant short positions, suggesting a bearish market sentiment.</li> 
 <li>Being below the Ichimoku Cloud confirms a downtrend, making it a critical signal for trading strategies.</li> 
 <li>A continued bearish outlook could see TON’s price drop to $5.57, presenting opportunities for short sellers.</li> 
 <li>Conversely, an increase in demand might push the price up to $6.51, potentially liquidating short positions.</li> 
</ul> 
<p style="text-align: justify">In conclusion, while Toncoin has seen a recent price increase, the prevailing market sentiment remains bearish. Short-term investors are positioning themselves for a potential decline, with technical indicators supporting this outlook. The <a href="https://newslinker.co/what-are-the-future-technologies/" target="_blank" rel="noopener nofollow" data-wpel-link="exclude">future</a> price movement of TON will hinge on whether the current bearish sentiment persists or if an increase in demand alters the trend.</p> 
<h5><span style="font-weight:bold;font-size:16px">The post first appeared on BH NEWS: </span> <a href="https://en.bitcoinhaber.net/investors-expect-toncoin-price-decline" data-wpel-link="internal">Investors Expect Toncoin Price Decline</a></h5>

Investors Expect Toncoin Price Decline

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