Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • ADOPTION
  • TRADING
  • HACKING
  • SLOT
  • TRADE
Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • ADOPTION
  • TRADING
  • HACKING
  • SLOT
  • TRADE
Crypto Flexs
Home»BITCOIN NEWS»Toncoin: Price Fluctuates Due to Billion Whale Activity
BITCOIN NEWS

Toncoin: Price Fluctuates Due to Billion Whale Activity

By Crypto FlexsMay 19, 20243 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Email
Toncoin: Price Fluctuates Due to Billion Whale Activity
Share
Facebook Twitter LinkedIn Pinterest Email

Despite the recent surge in activity from large investors called “whales,” the price of Toncoin (TON) appears to be headed for a steeper trend. This comes as analysts have raised concerns about weakening technical indicators for the cryptocurrency and a possible breach of key support levels.

Related Reading

Whales are all the rage, but can they save the day?

In a recent report, Joao Wedson, a cryptocurrency analyst at CryptoQuant, observed a significant surge in whale activity on the Toncoin network. In the past few weeks, transactions exceeding 100,000 tonnes (equivalent to approximately $645,000 at current prices) have exceeded $1 billion. This indicates that major holders have been actively moving large amounts of TON. However, the purpose of this move remains unclear.

While whales are certainly making a splash, Wedson said this doesn’t necessarily translate into smooth sailing compared to TON prices. He pointed out that although large transactions dominate network size (more than 50%), their impact on prices appears to be minimal. Conversely, smaller transactions account for the majority of overall activity, but represent a much smaller portion of overall volume.

technical indicator flashing red

The price of Toncoin is showing signs of weakness despite the influx of whale activity. Notably, TON recently fell below the 20-day exponential moving average (EMA), a technical indicator used to measure short-term trends. This means that the average price of TON has been trending downward over the past 20 days, indicating a shift towards selling pressure.

Toncoin is currently trading at $6.52. chart; TradingView

The impending crossover of the Moving Average Convergence Divergence (MACD) indicator also adds to the bearish sentiment. The MACD line is likely to fall below the signal line, which traditionally signals loss of upward momentum and a possible price decline.

These technical indicators are flashing red flags for TON. If the price breaks the lower line of the rising channel that has been acting as support, there is a clear possibility that it will fall to $5.70.

Related Reading

Is this a buying opportunity or a sinking ship?

The current situation surrounding Toncoin presents a conundrum for investors. Significant whale activity suggests potential bullish interest, but technical indicators paint a bleak picture.

Key questions still remain. Are whales accumulating or distributing? If it is accumulating, it may be a buying opportunity before the price rebounds. But if they sell their holdings, it could be a sign that the ship is in trouble.

Featured image by Vikks/Shutterstock, chart by TradingView

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

As Nano Labs begins to accumulate $ 1 billion, BNB gets a big supporter.

July 5, 2025

Bitcoin is integrated into less than $ 108,000, but the eyes are set for $ 115,000.

June 29, 2025

Sequans starts $ 384M Bitcoin Treasury Initiative with Swan Bitcoin Partnership.

June 23, 2025
Add A Comment

Comments are closed.

Recent Posts

Elon Musk announces that his “American Party” will accept Bitcoin and criticizes Trump’s financial bill.

July 7, 2025

From Wall Street to Wallet: Ark Defai redefines financial architecture.

July 7, 2025

What Every Investor Should Know

July 6, 2025

Protecting Your Portfolio In A Volatile Market

July 6, 2025

A Trader’s Guide To Smarter Moves

July 6, 2025

Crypto Price Prediction Strategies – How Traders Forecast The Market

July 6, 2025

Causes, History, And How To Survive

July 6, 2025

A Guide To High-Risk, High-Reward Strategies

July 6, 2025

Ethereum MVRV has 1.20–1.25 and suggests that Market Peak is not visible.

July 6, 2025

Bitcoin holders reach $ 1 trillion in paper gains.

July 6, 2025

It flashes again in July

July 6, 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

Elon Musk announces that his “American Party” will accept Bitcoin and criticizes Trump’s financial bill.

July 7, 2025

From Wall Street to Wallet: Ark Defai redefines financial architecture.

July 7, 2025

What Every Investor Should Know

July 6, 2025
Most Popular

Toncoin Trends: Analyzing the Impact of the 80% Transaction Surge

September 22, 2024

Bitcoin is close to a new high. New project rewards BTC predictions

March 6, 2024

Republican control of the Senate will benefit digital assets, says Senator Lummis.

September 29, 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.