Toncoin May Be Positioned for a Short-Term Rebound as Bullish Signals Emerge
The post Toncoin May Be Positioned for a Short-Term Rebound as Bullish Signals Emerge appeared on BitcoinEthereumNews.com.
Toncoin (TON) is showing promising signs of a bullish reversal, following significant on-chain and technical indicators. The recent uptick in investor activity suggests a growing confidence amidst a challenging market landscape. As noted by cryptocurrency analyst Ali Martinez, the TD Sequential indicator has recently flashed a buy signal for TON, hinting at potential price appreciation. Toncoin shows bullish reversal signs with increasing exchange inflows and holder accumulation, indicating potential price recovery ahead. Toncoin’s exchange inflows signal growing investor activity The bullish trend is further corroborated by a notable increase in exchange inflows for Toncoin. Data from IntoTheBlock reveals that Toncoin experienced a 10% spike in exchange inflows over the past 24 hours. This surge may reflect a shift in market dynamics as investors position themselves for potential price movements. While higher exchange inflows can sometimes signal impending selling pressure, in this scenario, they reflect increasing accumulation, as traders exploit favorable conditions. This aligns well with the technical buy signal given by the TD Sequential indicator, suggesting that market participants are readying themselves for new long positions, thereby expecting a rebound in the altcoin’s price. Source: IntoTheBlock Holder balance data adds more fuel to the bullish narrative In addition to exchange inflows, assessing holder balance data supports the bullish outlook for Toncoin. Analysis by COINOTAG indicates that the balance of holders has seen an upward trajectory over the last 24 hours. This trend signifies that more users are holding or accumulating Toncoin, as opposed to offloading their assets. Increased holding confidence typically correlates with a positive market sentiment. When combined with rising exchange activity and a technical buy signal, these elements suggest a bullish expectation among investors, painting a more optimistic picture for Toncoin’s potential. Source: IntoTheBlock The convergence of positive technical and on-chain signals suggests that Toncoin could be poised…
Filed under: News - @ April 12, 2025 5:28 pm