bullish

Movement

Bitcoin

Toncoin

Reversal

<p style="text-align: justify">You can also read this news on COINTURK NEWS: <a href="https://en.coin-turk.com/bitcoins-surge-triggers-interest-in-toncoin-for-price-movement/" data-wpel-link="internal" rel="noopener noreferrer nofollow">Bitcoin’s Surge Triggers Interest in Toncoin for Price Movement</a><br></p>
<p style="text-align: justify">As the US markets opened on Monday, Bitcoin reached a price of $85,000, sparking a new wave of buying interest. This surge has created a strong bullish momentum, and in this optimistic atmosphere, market participants are now focusing on Toncoin, anticipating that it will enter a fifth-wave price movement.</p>
<h2 style="text-align: justify" id="strong-toncoin-targets-15-strong"><strong>Toncoin Targets $15</strong></h2>
<p style="text-align: justify">In the current volatility of the <a href="https://en.coin-turk.com/michael-van-de-poppe-highlights-sei-tokens-growth-potential/" data-wpel-link="internal" rel="noopener noreferrer nofollow"></a><a href="https://en.coin-turk.com/bitcoin-transaction-fees-surge-surpassing-ethereum/" data-wpel-link="internal" rel="noopener noreferrer nofollow">cryptocurrency</a> market, the price of Toncoin increased by 3.09%, reaching $5.4. The asset’s market capitalization rose to $13.89 billion, with a 24-hour trading volume of $608.1 million.</p>
<p style="text-align: justify">Over the past four months, Toncoin’s price has suffered a decline from $8.17 to $4.5, representing a 44.4% loss. The support level at $4.5 coincides with an ascending trend line, providing an optimistic foundation for buyers. As the market recovers due to the impact of the US elections, Toncoin is testing the $5.4 level once again.</p>
<h2 style="text-align: justify" id="strong-whale-accumulation-in-ton-and-potential-reversal-signs-strong"><strong>Whale Accumulation in TON and Potential Reversal Signs</strong></h2>
<p style="text-align: justify">Data from Santiment shows that the share of TON held by large investors has increased from 23.5% to 29%. This indicates that major players are accumulating, signaling a growing confidence in the asset’s long-term potential. The increasing interest from large investors can reduce selling pressure in the markets, strengthening the asset’s upward momentum.</p>
<p style="text-align: justify">Historically, the entry of major players into the market often signals a robust upward trend. However, if the market remains in a resistant upward trend, a possible downward momentum in Toncoin’s price may continue.</p>
<p style="text-align: justify">Market participants forecast that this breakout may trigger Toncoin’s transition from the fourth to the fifth wave. The fifth wave is typically seen as the final phase of a bullish trend, potentially leading to new price peaks. If the wave movement progresses as expected, Toncoin could experience a 122% rise to $12, followed by a climb to $18.</p>
<h2 style="text-align: justify" id="strong-strategic-opportunities-for-traders-strong"><strong>Strategic Opportunities for Traders</strong></h2>
<p style="text-align: justify">The interest from large investors suggests a potential recovery in the market, which could positively influence Toncoin’s future price movements. Toncoin investors should closely monitor market trends to determine their strategies and be prepared for fluctuations. Given the volatile nature of cryptocurrency markets, careful analysis and a strategic approach are crucial.</p>
<p>The post <a href="https://en.coin-turk.com/bitcoins-surge-triggers-interest-in-toncoin-for-price-movement/" data-wpel-link="internal" rel="noopener noreferrer nofollow">Bitcoin’s Surge Triggers Interest in Toncoin for Price Movement</a> appeared first on <a href="https://en.coin-turk.com" data-wpel-link="internal" rel="noopener noreferrer nofollow">COINTURK NEWS</a>.</p>

Bitcoin’s Surge Triggers Interest in Toncoin for Price Movement

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