Rally

Vanar Chain

Toncoin

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Mammon

<p>According to Sjuul from AltCryptoGems, <a href="https://captainaltcoin.com/toncoin-price-rally-imminent-this-ton-pattern-and-on-chain-metrics-point-to-bullish-move/" target="_blank" rel="noopener noreferrer nofollow">the recent developments in the TON ecosystem</a> have been significant. He noted that following the launch of the $TON Space within the Telegram messenger in September 2023, the number of active wallets has surged past 11 million.</p>
<p>This growth indicates increased engagement and activity within the network, suggesting a robust foundation for the future of Toncoin.</p>
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   <p lang="en" dir="ltr">Amid the boom of "tap" apps and following the launch of the <a href="https://twitter.com/search?q=%24TON&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">$TON</a> Space in the Telegram messenger in September 2023, the number of active wallets in the TON ecosystem has surpassed 11 million. <a href="https://t.co/YHaycg8LZA" target="_blank" rel="noopener noreferrer nofollow">pic.twitter.com/YHaycg8LZA</a></p>— Sjuul | AltCryptoGems (@AltCryptoGems) <a href="https://twitter.com/AltCryptoGems/status/1841409330760782204?ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">October 2, 2024</a>
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<h2 class="wp-block-heading" id="buying-the-ongoing-dip">Buying the Ongoing Dip</h2>
<p><a href="https://x.com/mammontrading/status/1841366622705201313?t=ujgIaHB5pc7NiqFUccw8Kw&amp;s=19" target="_blank" rel="noopener noreferrer nofollow">Mammon from mammontrading</a> offered a more strategic perspective on the current price dips. He believes that these dips should be viewed as opportunities rather than setbacks.</p>
<p>Mammon expressed optimism about <a href="https://coinmarketcap.com/currencies/toncoin/" target="_blank" rel="noopener noreferrer nofollow">Toncoin price potential</a>, stating that the lows may already be in place and that the market is likely to form higher low patterns before experiencing upward movement. He emphasized that Toncoin is setting itself up for a substantial swing long, supported by a clear range and a liquidity trail that could facilitate a rally if the mid-range is successfully flipped.</p>
<p><strong><em>Read Also: <a href="https://captainaltcoin.com/expert-says-vanar-chain-vanry-and-injective-inj-prices-will-surge-when/" target="_blank" rel="noopener noreferrer nofollow">Expert Says Vanar Chain (VANRY) and Injective (INJ) Prices Will Surge When…</a></em></strong></p>
<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="1024" height="393" src="https://captainaltcoin.com/wp-content/uploads/2024/10/image-74-1024x393.png" alt="" class="wp-image-560777" srcset="https://captainaltcoin.com/wp-content/uploads/2024/10/image-74-1024x393.png 1024w, https://captainaltcoin.com/wp-content/uploads/2024/10/image-74-300x115.png 300w, https://captainaltcoin.com/wp-content/uploads/2024/10/image-74-766x294.png 766w, https://captainaltcoin.com/wp-content/uploads/2024/10/image-74-1536x590.png 1536w, https://captainaltcoin.com/wp-content/uploads/2024/10/image-74-2048x786.png 2048w, https://captainaltcoin.com/wp-content/uploads/2024/10/image-74-391x150.png 391w, https://captainaltcoin.com/wp-content/uploads/2024/10/image-74-100x38.png 100w, https://captainaltcoin.com/wp-content/uploads/2024/10/image-74-912x350.png 912w, https://captainaltcoin.com/wp-content/uploads/2024/10/image-74-788x302.png 788w, https://captainaltcoin.com/wp-content/uploads/2024/10/image-74.png 680w" sizes="(max-width: 1024px) 100vw, 1024px">
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<p>Mammon further analyzed the price action, pointing out that Toncoin is currently situated in the lower part of its trading range, close to a value area low. He identified an untapped demand zone above, which could confirm a Wyckoff model 2 accumulation scenario.</p>
<p>This technical setup, he argued, aligns well with an OTE (Optimal Trade Entry) retracement, making the situation even more compelling for potential investors.</p>
<p>Together, Sjuul and Mammon paint a picture of Toncoin as a project poised for growth, despite the current market challenges. Their insights suggest that while the market may be experiencing a dip, the underlying metrics and technical indicators are pointing towards a potential rally in the near future.</p>
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<p>The post <a href="https://captainaltcoin.com/toncoin-ton-onchain-metrics-and-price-action-suggest-impending-rally-despite-ongoing-dip/" rel="noopener noreferrer nofollow">Toncoin (TON) Onchain Metrics and Price Action Suggest Impending Rally Despite Ongoing Dip</a> appeared first on <a href="https://captainaltcoin.com" rel="noopener noreferrer nofollow">CaptainAltcoin</a>.</p>

Toncoin (TON) Onchain Metrics and Price Action Suggest Impending Rally Despite Ongoing Dip

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