Close Menu
  • News
    • Bitcoin
    • Altcoins
    • DeFi
    • Market Cap
  • Blockchain
  • Web 3
    • NFT
    • Metaverse
  • Regulation
  • Analysis
  • Learn
  • Blog
  • Contact
    • Tech7685@gmail.com
What's Hot

$ 10 million bitcoin? Investment Pro calls it ‘chance’ of your life

2025-05-18

Solana – Shorts are piling up above $ 170 – Can Sol Bulls force a pinch?

2025-05-18

Data tips on chains Bitcoin to peak at $ 120,000

2025-05-18
Facebook X (Twitter) Instagram
  • Contact
  • Terms & Conditions
  • Privacy Policy
  • DMCA
  • Advertise
  • Free.cc (Free Crypto)
Facebook X (Twitter) Instagram
Bitcoin Platform – Bitcoin | Altcoins | Blockchain | News Stories Updated Daily
  • News
    • Bitcoin
    • Altcoins
    • DeFi
    • Market Cap
  • Blockchain

    Chainware and Karatdao work together to redefine security and identity in chains

    2025-05-18

    Declan Hannon about how Aurora Labs makes blockchain accessible to everyone

    2025-05-18

    Ailayer forges Alliance with Gaea to create a decentralized AI-driven metaverse

    2025-05-18

    Space and time, Nvidia, publishes Sub-Second ZK Prover for SQL

    2025-05-18

    Interview with Nieuwe Lukso Coo

    2025-05-18
  • Web 3
    • NFT
    • Metaverse
  • Regulation

    Mastermind Behind Sec Sim -exchange schedule sentenced to 14 months in prison for manipulating Bitcoin price

    2025-05-18

    Capital One pays $ 425,000,000 to customers after they have reportedly cheated customers from a higher return on bank balance

    2025-05-18

    Myth or reality? Mica and its real impact on the market that dissolve common misconceptions

    2025-05-18

    Judge denies joint bid from Ripple and the SEC to end their long -term legal battle to end XRP

    2025-05-17

    A dozen new defendants who were sued in the alleged Rico -entry, connected to $ 263,000,000 crypto theft

    2025-05-17
  • Analysis

    The American stock market now looks more favorable than pre-trade war, according to Tom Lee from Fundstrat-Dit why is why

    2025-05-18

    Analyst who mentioned XRP price mark at $ 0.5 says that the increase in this level is coming

    2025-05-17

    Michael Burry van Big Short abruptly sells one ‘recession-proof’ assets

    2025-05-17

    $ 40 billion in XRP on the road – where are they going?

    2025-05-17

    Bitcoin who sees heavy accumulation on Coinbase and Binance, says analysis company Glassnode – here is the prospects

    2025-05-17
  • Learn

    Types of Blockchain Layers Explained: Layer 0, Layer 1, Layer 2 and Layer 3

    2025-05-16

    Token vs. Coin: Key Differences You Must Know as a Beginner

    2025-05-15

    Inside Changelly: 10 years of steadfast support and compliance

    2025-05-15

    What Is Proof-of-Work (PoW)?

    2025-05-12

    What Is Proof-of-Authority (PoA)?

    2025-05-09
  • Blog
  • Contact
    • Tech7685@gmail.com
Bitcoin Platform – Bitcoin | Altcoins | Blockchain | News Stories Updated Daily
Home»Altcoins»Toncoin Price Prediction: The $5.36 target looms as selling pressure increases
Altcoins

Toncoin Price Prediction: The $5.36 target looms as selling pressure increases

2024-08-04No Comments2 Mins Read
Share
Facebook Twitter LinkedIn Pinterest Email
  • Toncoin will likely fall closer to $5.
  • The on-chain metrics gave a buy signal, but conditions might be too risky to rely on them.

Tonmint [TON] maintained its bearish trajectory and fell below the $6 level, as expected in an earlier report. Technical indicators showed strong selling pressure. The Fibonacci retracement levels could help the bullish cause.

With Bitcoin [BTC] The crypto market is struggling around the $60,000 mark and does not have a bullish outlook in the short term. There could be a surge on Monday to chase short liquidation levels, and the downtrend could resume after that.

The $5.8 and $5.36 levels are under scrutiny

Toncoin 1-day chartToncoin 1-day chart

Source: TON/USDT on TradingView

The daily market structure was still bearish. There was a significantly large difference in fair value around the $6.5 level. A price increase to chase liquidation levels could be rejected from this area.

The MACD trended downward throughout July and the CMF fell to a four-month low. This showed extreme selling pressure and consistent bearish momentum for TON since the rejection at $7.7.

The 78.6% retracement level at $5.36 could be visited next week. Swing traders would be hopeful that the downtrend will fade at that point and the market will present a buying opportunity.

Should traders wait for further price drops, or buy a TON right away?

Toncoin SantimentToncoin Santiment

Source: Santiment

Despite the price drop over the past month, the average coin age has increased. This was a sign of accumulation within the network.

Meanwhile, the MVRV ratio fell to a low not seen since early May. Short-term holders suffered big losses and the token could be undervalued.

See also  Bitcoin Price is trying to follow XRP, but this resistance is key

Is your portfolio green? Check out the Toncoin profit calculator


Until recently, the weighted social sentiment was positive, which underlined the faith. It provided a good argument for traders to rely on the $5.86 support level, the 61.8% retracement level, but buying at these levels could be risky.

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

Next: Bitcoin’s Hard Drop Leads to $142 Million in Liquidations – What Now?

Source link

increases looms Prediction pressure Price Selling Target Toncoin
Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

Solana – Shorts are piling up above $ 170 – Can Sol Bulls force a pinch?

2025-05-18

Mastermind Behind Sec Sim -exchange schedule sentenced to 14 months in prison for manipulating Bitcoin price

2025-05-18

Dogecoin Prise Tests Panic zone at $ 0.21, the breakdown can lead to price crash

2025-05-18

Weekly winners and losers of Crypto Market – XCN, WIF, PI, op

2025-05-18
Add A Comment

Comments are closed.

Top Posts

Ethereum Price Plunges to $2,000, Why Dips Remain Attractive

2023-12-12

Ethereum Price Rises: Can the Rally Hold?

2024-10-15

Cloudflare removes RTFKT Clonex NFT art due to conditions of service violations

2025-04-25
Editors Picks

Crypto Analyst Says Top Ethereum Rival Could Surge 900% and Outlines the Way Forward for Bitcoin and Dogecoin

2024-07-25

One Ethereum-based Altcoin is gearing up for ‘very strong’ performance, says trader – here’s his timeline

2023-09-27

Powell says that Fed does not intend to prevent banks from offering crypto services

2025-02-12

Pokémon NFTs Arrived on Polygon (MATIC) Blockchain

2023-09-21

Our mission is to develop a community of people who try to make financially sound decisions. The website strives to educate individuals in making wise choices about Cryptocurrencies, Defi, NFT, Metaverse and more.

We're social. Connect with us:

Facebook X (Twitter) Instagram Pinterest YouTube
Top Insights

$ 10 million bitcoin? Investment Pro calls it ‘chance’ of your life

Solana – Shorts are piling up above $ 170 – Can Sol Bulls force a pinch?

Data tips on chains Bitcoin to peak at $ 120,000

Get Informed

Subscribe to Updates

Get the latest news and Update from Bitcoin Platform about Crypto, Metaverse, NFT and more.

  • Contact
  • Terms & Conditions
  • Privacy Policy
  • DMCA
  • Advertise
  • Free.cc (Free Crypto)
© 2025 Bitcoinplatform.com - All rights reserved.

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

  • bitcoinBitcoin(BTC)$104,827.121.46%
  • ethereumEthereum(ETH)$2,409.31-2.77%
  • tetherTether USDt(USDT)$1.00-0.02%
  • rippleXRP(XRP)$2.380.91%
  • binancecoinBNB(BNB)$642.520.10%
  • solanaSolana(SOL)$167.140.21%
  • usd-coinUSDC(USDC)$1.00-0.02%
  • dogecoinDogecoin(DOGE)$0.2238113.57%
  • cardanoCardano(ADA)$0.74-0.26%
  • tronTRON(TRX)$0.263222-3.26%
  • suiSui(SUI)$3.800.76%
  • chainlinkChainlink(LINK)$15.370.01%
  • avalanche-2Avalanche(AVAX)$22.260.22%
  • stellarStellar(XLM)$0.285320-0.47%
  • hyperliquidHyperliquid(HYPE)$26.16-0.25%
  • shiba-inuShiba Inu(SHIB)$0.0000152.07%
  • hedera-hashgraphHedera(HBAR)$0.1933701.14%
  • unus-sed-leoUNUS SED LEO(LEO)$8.65-1.70%
  • bitcoin-cashBitcoin Cash(BCH)$398.010.61%
  • the-open-networkToncoin(TON)$3.080.14%
  • litecoinLitecoin(LTC)$98.792.23%
  • polkadotPolkadot(DOT)$4.620.16%
  • moneroMonero(XMR)$342.030.83%
  • bitget-tokenBitget Token(BGB)$5.245.41%
  • pepePepe(PEPE)$0.0000137.15%
  • daiDai(DAI)$1.00-0.01%
  • piPi(PI)$0.745.70%
  • ethena-usdeEthena USDe(USDE)$1.00-0.01%
  • uniswapUniswap(UNI)$5.862.27%
  • bittensorBittensor(TAO)$413.87-1.71%
  • aaveAave(AAVE)$221.820.04%
  • nearNEAR Protocol(NEAR)$2.751.77%
  • aptosAptos(APT)$5.01-0.93%
  • okbOKB(OKB)$52.62-1.16%
  • ondo-financeOndo(ONDO)$0.930.46%
  • kaspaKaspa(KAS)$0.1096910.00%
  • internet-computerInternet Computer(ICP)$5.16-0.11%
  • ethereum-classicEthereum Classic(ETC)$18.07-0.35%
  • gatechain-tokenGateToken(GT)$21.58-0.27%
  • crypto-com-chainCronos(CRO)$0.097164-0.42%
  • official-trumpOFFICIAL TRUMP(TRUMP)$12.850.88%
  • mantleMantle(MNT)$0.730.78%
  • polygon-ecosystem-tokenPOL (prev. MATIC)(POL)$0.2349331.26%
  • vechainVeChain(VET)$0.0280150.91%
  • render-tokenRender(RENDER)$4.53-0.06%
  • ethenaEthena(ENA)$0.3709174.81%
  • usd1World Liberty Financial USD(USD1)$1.000.01%
  • algorandAlgorand(ALGO)$0.2205432.16%
  • filecoinFilecoin(FIL)$2.820.93%
  • cosmosCosmos(ATOM)$4.791.53%
  • bitcoinBitcoin(BTC)$104,827.121.46%
  • ethereumEthereum(ETH)$2,409.31-2.77%
  • tetherTether USDt(USDT)$1.00-0.02%
  • rippleXRP(XRP)$2.380.91%
  • binancecoinBNB(BNB)$642.520.10%
  • solanaSolana(SOL)$167.140.21%
  • usd-coinUSDC(USDC)$1.00-0.02%
  • dogecoinDogecoin(DOGE)$0.2238113.57%
  • cardanoCardano(ADA)$0.74-0.26%
  • tronTRON(TRX)$0.263222-3.26%
  • suiSui(SUI)$3.800.76%
  • chainlinkChainlink(LINK)$15.370.01%
  • avalanche-2Avalanche(AVAX)$22.260.22%
  • stellarStellar(XLM)$0.285320-0.47%
  • hyperliquidHyperliquid(HYPE)$26.16-0.25%
  • shiba-inuShiba Inu(SHIB)$0.0000152.07%
  • hedera-hashgraphHedera(HBAR)$0.1933701.14%
  • unus-sed-leoUNUS SED LEO(LEO)$8.65-1.70%
  • bitcoin-cashBitcoin Cash(BCH)$398.010.61%
  • the-open-networkToncoin(TON)$3.080.14%
  • litecoinLitecoin(LTC)$98.792.23%
  • polkadotPolkadot(DOT)$4.620.16%
  • moneroMonero(XMR)$342.030.83%
  • bitget-tokenBitget Token(BGB)$5.245.41%
  • pepePepe(PEPE)$0.0000137.15%
  • daiDai(DAI)$1.00-0.01%
  • piPi(PI)$0.745.70%
  • ethena-usdeEthena USDe(USDE)$1.00-0.01%
  • uniswapUniswap(UNI)$5.862.27%
  • bittensorBittensor(TAO)$413.87-1.71%
  • aaveAave(AAVE)$221.820.04%
  • nearNEAR Protocol(NEAR)$2.751.77%
  • aptosAptos(APT)$5.01-0.93%
  • okbOKB(OKB)$52.62-1.16%
  • ondo-financeOndo(ONDO)$0.930.46%
  • kaspaKaspa(KAS)$0.1096910.00%
  • internet-computerInternet Computer(ICP)$5.16-0.11%
  • ethereum-classicEthereum Classic(ETC)$18.07-0.35%
  • gatechain-tokenGateToken(GT)$21.58-0.27%
  • crypto-com-chainCronos(CRO)$0.097164-0.42%
  • official-trumpOFFICIAL TRUMP(TRUMP)$12.850.88%
  • mantleMantle(MNT)$0.730.78%
  • polygon-ecosystem-tokenPOL (prev. MATIC)(POL)$0.2349331.26%
  • vechainVeChain(VET)$0.0280150.91%
  • render-tokenRender(RENDER)$4.53-0.06%
  • ethenaEthena(ENA)$0.3709174.81%
  • usd1World Liberty Financial USD(USD1)$1.000.01%
  • algorandAlgorand(ALGO)$0.2205432.16%
  • filecoinFilecoin(FIL)$2.820.93%
  • cosmosCosmos(ATOM)$4.791.53%