Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • TRADING
  • HACKING
  • SLOT
  • CASINO
  • SUBMIT
Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • TRADING
  • HACKING
  • SLOT
  • CASINO
  • SUBMIT
Crypto Flexs
Home»ALTCOIN NEWS»Toncoin Surges 30% – But This Indicator Sends Investors a Warning Signal
ALTCOIN NEWS

Toncoin Surges 30% – But This Indicator Sends Investors a Warning Signal

By Crypto FlexsSeptember 15, 20242 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Email
Toncoin Surges 30% – But This Indicator Sends Investors a Warning Signal
Share
Facebook Twitter LinkedIn Pinterest Email
  • Toncoin continued its downtrend despite the big uptrend.
  • TON bulls will pause for a moment as the mid-August pattern repeats itself.

Toncoin (TON) rose 32.84% in a week from its low of $4.43 on Friday, September 6, reaching $5.885 the following week. Despite this strong rally, the market structure on the daily timeframe was bearish.

Heading into next week’s trading, Toncoin is one of the larger assets with high bullish expectations due to its performance in the previous week. Can buyers sustain the rally?

Is it a rally or a liquidity hunt before a sustained downtrend?

Toncoin 1 day chart

Source: TON/USDT on TradingView

Last week’s gain was significant, but the volume was not very high. In contrast, the decline from $6.8 on August 24 to $5.1 two days later had much higher volume.

The volumes over the past few days have been similar to mid-June levels, when TON was trading in the $7.1-$7.6 area, but without a strong trend. Therefore, a sustained uptrend would require higher volumes.

CMF was at +0.05, the limit of significant capital inflows. The daily RSI crossed the neutral 50 level, indicating bullish momentum. These factors gave the bulls hope that a market structure breakdown could occur soon.

Is this rebound a profit-taking opportunity?

Toncoin SantimentToncoin Santiment

Source: Santiment

In mid-August, the 30-day MVRV briefly turned upward. From a price movement perspective, TON was in a downtrend at the time. A few days later, on August 24, the price began to decline, and MVRV also fell.


Read Toncoin (TON) Price Prediction 2024-25


The recent rise in the past few days has brought MVRV back into positive territory, but TON’s downtrend is still ongoing. The downtrend could continue as it did last month.

On the other hand, the average coin age has been trending upward recently, which is a sign of accumulation and strength. Traders should be cautious until the $6.1 resistance level is broken.

Disclaimer: The information presented does not constitute financial, investment, trading or any other type of advice and is solely the opinion of the author.

Previous: Solana’s TVL is on the verge of hitting $18 billion. Here’s what you need to know!

Next: WIF Market Surges: Analysts Predict $10 Peak After 8% Surge

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

The XRP market value surpasses Shopify, Verizon, and Citigroup. Whales sell 40m coins.

September 18, 2025

‘Fat Apps’ can lead the cryptographic story in the next few months.

September 11, 2025

Binance explodes 466m LUNC with oblivion: revival play or special effect?

September 4, 2025
Add A Comment

Comments are closed.

Recent Posts

MEXC Joins Forces With Lombard Finance (BARD) To Launch $1 Million Prize Pool Extravaganza

September 18, 2025

What is the next after the Fed’s 25bps is cut? Everything you need to know

September 18, 2025

The XRP market value surpasses Shopify, Verizon, and Citigroup. Whales sell 40m coins.

September 18, 2025

Green Hood Contracts Thanksgiving Summary -Ackee Blockchain

September 17, 2025

BetFury Is At SBC Summit Lisbon 2025: Affiliate Growth In Focus

September 17, 2025

FED Mining’s Cloud Mining Platform Is Helping Users Earn $8,800 Per Day, And XRP’s Growth Is Driving Market Enthusiasm.

September 17, 2025

Stablecoin Holdings Drop As Investors Pivot To SOL, XRP, And Altcoins

September 17, 2025

Flipster Partners With WLFI To Advance Global Stablecoin Adoption Through USD1 Integration

September 17, 2025

Zircuit Launches $495K Grants Program To Accelerate Web3 Super Apps

September 16, 2025

Kintsu Launches SHYPE On Hyperliquid

September 16, 2025

New Cryptocurrency Mutuum Finance (MUTM) Raises $15.8M As Phase 6 Reaches 40%

September 16, 2025

Crypto Flexs is a Professional Cryptocurrency News Platform. Here we will provide you only interesting content, which you will like very much. We’re dedicated to providing you the best of Cryptocurrency. We hope you enjoy our Cryptocurrency News as much as we enjoy offering them to you.

Contact Us : Partner(@)Cryptoflexs.com

Top Insights

MEXC Joins Forces With Lombard Finance (BARD) To Launch $1 Million Prize Pool Extravaganza

September 18, 2025

What is the next after the Fed’s 25bps is cut? Everything you need to know

September 18, 2025

The XRP market value surpasses Shopify, Verizon, and Citigroup. Whales sell 40m coins.

September 18, 2025
Most Popular

Turkey introduces stricter cryptocurrency AML regulations

December 25, 2024

Weekly Update #33 – Password Tracking

December 14, 2023

Dogwifhat Price Prediction: Investors Pour Over $5 Million into This New Solana Meme Coin Gem As Billionaire Michael Novogratz Regrets Not Holding WIF.

April 1, 2024
  • Home
  • About Us
  • Contact Us
  • Disclaimer
  • Privacy Policy
  • Terms and Conditions
© 2025 Crypto Flexs

Type above and press Enter to search. Press Esc to cancel.