Toncoin

Status

You can also read this news on COINTURK NEWS: <a href="https://en.coin-turk.com/investors-notice-toncoins-recent-price-movements/" data-wpel-link="internal">Investors Notice Toncoin’s Recent Price Movements</a> 
Toncoin (TON) has seen recent price movements that have caught <a href="https://finance.coin-turk.com/" data-wpel-link="exclude">investors</a>‘ attention and remained in the positive zone over the past 24 hours. As price movements continue in TON, it is moving away from the $6.02 level, which indicates significant support. This price action emerged after a 9% price decline on August 11. Comments suggesting that the <a href="https://en.coin-turk.com/top-5-cryptocurrencies-on-github-according-to-masuch-index-who-is-following-bitcoin/" data-wpel-link="internal">cryptocurrency</a> could experience a long-term rally are also increasing. 
<h2 style="text-align: justify" id="toncoin-ton-current-status">Toncoin (TON) Current Status</h2> 
The liquidation pool, which is critically important for futures investors in Toncoin, was drawing attention. As of the time of writing, a total of 204,000 TON positions were reflected in the charts at the $6.63 level. 
This situation indicates that many investors might have taken short positions, and the mentioned liquidation level stands out as a critical region for potential price movement. Depending on the steps taken, if TON’s price reaches the mentioned level, a wave of liquidation could occur. 
<img loading="lazy" loading="lazy" decoding="async" class="aligncenter size-full wp-image-379288" src="https://coin-turk.com/wp-content/uploads/2024/08/ton-coin-coin-turk-com.png" alt="" width="579" height="340"> 
During the same period, the number of transactions carried out by whales increased by 1.98%. This rise indicates increased interest and activity from whales. 
Generally, such situations in the market reveal the confidence in the asset and likely indicate <a href="https://newslinker.co/what-are-the-future-technologies/" target="_blank" rel="noopener" data-wpel-link="exclude">future developments</a>. Whale movements usually bring about broad market changes, which could signal a rise for TON in the short and medium term. 
<img loading="lazy" loading="lazy" decoding="async" class="aligncenter size-full wp-image-379289" src="https://coin-turk.com/wp-content/uploads/2024/08/ton-coin-2-coin-turk-com.png" alt="" width="584" height="344"> 
<h2 style="text-align: justify" id="ton-comments">TON Comments</h2> 
In addition to the situations mentioned above, the number of active addresses in TON increased by 10.69%. This rise accompanied a 19.49% increase in new investments. Both measurements indicate growing interest, and as more users join the network, the adoption of TON also increased. 
<img loading="lazy" loading="lazy" decoding="async" class="aligncenter size-full wp-image-379290" src="https://coin-turk.com/wp-content/uploads/2024/08/ton-3-ton-coin-turk-com.png" alt="" width="587" height="237"> 
The increase in interest in the number of active addresses is typically associated with increased network activity, which could further support a steady price rise. The data points to a maturing network with an increasing number of users due to growing investor confidence. In this context, it is essential to remember that the liquidation pool at $6.63 could be a significant level. 
<h5>The post first appeared on COINTURK NEWS: <a href="https://en.coin-turk.com/investors-notice-toncoins-recent-price-movements/" data-wpel-link="internal">Investors Notice Toncoin’s Recent Price Movements</a></h5>
The post <a href="https://en.coin-turk.com/investors-notice-toncoins-recent-price-movements/" data-wpel-link="internal">Investors Notice Toncoin’s Recent Price Movements</a> appeared first on <a href="https://en.coin-turk.com" data-wpel-link="internal">COINTURK NEWS</a>.

Investors Notice Toncoin’s Recent Price Movements

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