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Will Toncoin’s Price Break Out or Break Down?

by Ouess
written by Ouess

Toncoin (TON) is in a consolidation phase, trading within a narrow range of $6.2 to $6.5. This phase marks a critical juncture as traders await the next major move. Will Toncoin break higher, sparking a fresh rally, or will it drop lower, testing key support levels?

Consolidation Phase: What It Means for Toncoin

Currently, Toncoin is stabilizing, and the price action shows a potential breakout to the upside. Signs of gradual upward momentum suggest that buying interest is building within the range. This kind of pressure often precedes an upward breakout, as traders accumulate positions in anticipation of a price rally.

The Relative Strength Index (RSI) supports this outlook. With the RSI above 50%, Toncoin is in positive territory, signaling that buying pressure is starting to outpace selling. Historically, this level indicates bullish sentiment and sets the stage for potential future gains.

What a Breakout Could Mean for Toncoin

If Toncoin breaks higher, it could aim for the $7.2 resistance level as the first target. Successfully surpassing this level would confirm strong bullish momentum, likely propelling the price toward the next resistance at $8.3. A move beyond $8.3 could suggest that the bulls are firmly in control, paving the way for Toncoin to climb further.

TON USDT 4 hour chart Source : TradingView

Conversely, a downside breakout could see the price test the $6 support level. If this level breaks, Toncoin may face additional declines, with subsequent support zones becoming crucial to avoid further losses.

Key Factors to Watch

A breakout in either direction will likely bring increased volatility. Traders should watch for confirmation signals, such as volume spikes and momentum indicators, to validate the move’s strength and sustainability. Broader market sentiment will also influence Toncoin’s trajectory, so keeping an eye on industry-wide developments is essential.

Conclusion

Toncoin’s consolidation phase could lead to significant price action soon. Whether it breaks higher toward $8.3 or lower to test $6, understanding the key levels and indicators is crucial for traders looking to navigate this pivotal moment.

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Altcoin

Toncoin Faces $5 Sell Wall, Future Outlook Uncertain

by Ouess
written by Ouess

Toncoin (TON) is facing a significant hurdle at the $5 price range, with a massive sell wall of 46.19 million TON blocking further gains. This resistance has stalled the cryptocurrency’s momentum, leaving investors wondering if Toncoin can break free from this stagnation.

Toncoin Performance and Market Standing

As of now, TON is trading at $6.56, reflecting a 19% uprise in the past 24 hours. With a market capitalization of $16.6 billion, TON ranks as the 12th-largest cryptocurrency.

Earlier this month, Toncoin surged to $5, buoyed by bullish market sentiment. Experts have predicted a potential $100 valuation for TON by 2025, assuming sustained adoption and network growth. Its partnership with Tether, which launched a Dirham-pegged stablecoin on the TON blockchain, has further enhanced liquidity and adoption.

Key Resistance Levels Hindering Toncoin

Currently, 40.13% of TON holders are “out of the money,” having purchased at higher prices. Meanwhile, 35.6% of holders are “in the money,” per IntoTheBlock data. A sell wall between $5.69 and $6.05, involving 46.19 million TON, presents a major obstacle.

Over 13 million addresses could potentially sell their holdings at this price level, making it difficult for TON to break out of its consolidation range. Analysts caution that failure to overcome this resistance could lead to a significant price drop.

Toncoin Ecosystem: Promising Developments Amid Stagnation

Despite price stagnation, Toncoin’s ecosystem continues to grow. The supply of stablecoins on TON surged 13 times between April and October 2024, reaching a total market cap of $767 million.

Additionally, OKX Ventures, The Open Platform, and Folius Ventures have launched a $10 million Telegram Growth Hub. This initiative aims to boost The Open Network by funding innovative projects that can drive adoption and support Toncoin’s price recovery.

Will Toncoin Reclaim Momentum?

Toncoin’s future hinges on its ability to break past the $5.69–$6.05 sell wall. A breakthrough could signal a strong upward trajectory, while failure may lead to further declines. With ongoing ecosystem growth and partnerships, TON remains a project to watch.

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Altcoin

Notcoin Price May Rebound as Selling Pressure Eases

by Ouess
written by Ouess

The price of Telegram’s Notcoin (NOT) dropped 20% in the past 30 days, leaving 71% of holders “out of the money.” However, an on-chain analysis suggests that this downtrend might soon stabilize, potentially offering a reprieve for holders.

Selling Pressure on Notcoin Eases

One key factor behind Notcoin’s recent decline was increased selling pressure. But data from IntoTheBlock reveals a recent shift, with selling pressure now easing. This trend is backed by the Coin Holding Time metric, which reflects how long investors hold a cryptocurrency without transacting it.

Notcoin Holding Time of Transacted Coins. Source: IntoTheBlock

Higher holding times often indicate an approaching uptrend, while lower holding times signal price drops. Over the past seven days, Notcoin’s holding time has increased by 30%, suggesting that the coin may avoid further sharp corrections if this trend holds.

Money Flow Index Signals Buying Activity

Another indicator of potential recovery is the Money Flow Index (MFI). This metric assesses buying and selling pressures based on price and volume. A rising MFI signals increasing buyer interest, which could drive prices up, while a decline points to heightened selling pressure. Recently, Notcoin’s MFI has shown a gradual increase, indicating that buyers are entering the market. If the MFI trend persists, it could reinforce Notcoin’s recovery potential.

Notcoin Money Flow Index. Source: TradingView

Falling Wedge Pattern Suggests Bullish Possibility

On the technical analysis front, Notcoin has formed a falling wedge pattern, a classic bullish reversal setup. This pattern typically forms as prices decline but within converging trendlines, signaling a possible breakout when the asset moves above the wedge.

Notcoin Daily Analysis. Source: TradingView

Currently priced at $0.0068, Notcoin is nearing its resistance level of $0.0077. If it manages to break above this point with strong volume, analysts predict a potential 70% rally, pushing the price to around $0.012. However, if it faces rejection, the price could dip to support at $0.0062.

Overall, the easing selling pressure and bullish indicators provide cautious optimism for Notcoin holders.

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Altcoin

TON Enters Low Risk Zone: Is It Time to Buy?

by Ouess
written by Ouess

The Sharpe Ratio Risk Indicator for TON has entered a low-risk zone for the first time in 12 months, signaling reduced market volatility.

Over the past year, TON’s price fluctuated significantly, rising from $2 to $8 before stabilizing at $5.25, according to CryptoQuant data. While this low-risk indicator suggests potential stability, it may still be early to buy into TON.

Sharpe Ratio Suggests Caution Despite Low Risk

Although TON’s Sharpe Ratio is in a low-risk zone, it may not be the ideal time to invest just yet. Historically, when TON has hit this low-risk level, it has taken time for the price to bottom out. Therefore, cautious investors might want to wait for an Extreme Low Risk signal before jumping in. Adding TON to a watchlist could be a smarter strategy for now, as the market is still developing.

TON’s User Growth Surpasses 100 Million

Despite the cautious market outlook, TON’s network has experienced significant growth. The number of unique users on the TON network recently surpassed 100 million. This is a positive sign for the ecosystem and could point to a stronger future for the coin. However, the crypto market remains volatile, and investing at current price levels may still carry risks.

TON TVL and Volume Source : DeFiLlama

Should You Buy TON Now?

While the Sharpe Ratio indicates lower risk, the market’s volatile nature means careful consideration is essential. TON has shown signs of stabilizing, but it’s still crucial to monitor further signals before making any investment decisions.

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Why HMSTR Token Price Remains Below $0.1 After Airdrop

by Ouess
written by Ouess

The price of the HMSTR token has remained below $0.1, largely due to its high circulating supply following the Hamster Kombat airdrop. Despite its popularity, the token has faced significant selling pressure, leading to a sharp price decline.

Why HMSTR Remains Below $0.1

One of the main reasons the HMSTR price stays below $0.1 is its massive circulating supply of 64.37 billion tokens. To hit the $0.1 mark, the market cap would need to reach $6.43 billion, which seems unrealistic given the current size of the crypto market. For comparison, only the top 15 largest cryptocurrencies by market cap exceed $6.4 billion, making it unlikely that HMSTR will hit this milestone anytime soon.

Furthermore, Hamster Kombat does not have a burn mechanism in place to reduce supply. Without this, the token remains inflationary, meaning its value will likely decrease as more tokens enter the market. Upon launch, Hamster Kombat released 64% of its 100 billion token supply, with 60% going directly to the community, creating an oversupply and downward pressure on the price.

Hamster Kombat Faces Selling Pressure

Following the initial airdrop, many recipients sold their tokens, further driving down HMSTR’s price. Currently, the token has dropped more than 50% from its all-time high of $0.01004. Another potential supply shock could occur when season 2 of the Hamster airdrop ends, but this won’t happen until Q1 of next year. Until then, there is hope the price may stabilize.

Can HMSTR Recover Like Notcoin?

Crypto analyst Crypto Hunter suggests that Hamster Kombat may recover similarly to Notcoin (NOT). After an 80% drop following its airdrop, NOT saw a 5x price increase. The analyst sees a similar pattern in HMSTR’s price action, suggesting it could rise above $0.01.

Additionally, HMSTR is expected to gain more utility in the near future. As Hamster Kombat launches new features in its Telegram-based game, users will need HMSTR to access them, which could increase demand and motivate holders to keep their tokens.

HMSTR’s Current Price and Market Activity

At the time of writing, HMSTR is trading around $0.004887, up 5% in the last 24 hours. However, trading volume has decreased by 28%, with around $79 million traded in the same period.

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Altcoin

Can Toncoin Break $6 Resistance for a Bullish Rally?

by Ouess
written by Ouess

Toncoin (TON) recently faced a key resistance at the $6.00 level but fell short, peaking at $5.96 before losing momentum. Although this psychological barrier wasn’t flipped into support, Toncoin still holds potential for recovery.

Toncoin’s Momentum Shows Weakness

Toncoin’s bullish momentum is fading, as shown by the Moving Average Convergence Divergence (MACD) indicator. The receding green bars on the MACD histogram suggest that the altcoin is losing steam. However, the MACD line remains above neutral, indicating that the asset hasn’t fully shifted to a bearish trend. A move below the neutral line would confirm this, but for now, Toncoin is in a vulnerable yet undecided position.

Market Sentiment Improves

Despite this dip in momentum, Toncoin’s market sentiment has seen positive changes. Notably, the share of short-term investors—those who hold for less than a month—has dropped significantly from 26% to 15% in the past ten days. This reduction in short-term holders decreases volatility and the risk of a sharp sell-off, helping stabilize the asset.

Toncoin Supply distribution

Toncoin Price Prediction: Key Resistance Ahead

Currently, Toncoin is trading around $5.81, just shy of its recent high of $5.96. Breaking this level is crucial for Toncoin’s price action, as it would pave the way to test the $6.00 mark again. Should it succeed in flipping $5.96 into support, a rally could follow, with the next target being $6.36.

However, if Toncoin fails to break $5.96 again, the asset may enter a consolidation phase, potentially trading between $5.37 and $5.96. This could invalidate the current bullish outlook and lead to stagnation.

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Altcoin

Telegram to Share User Data Amid Crackdown, TON Price Resilient

by Ouess
written by Ouess

Telegram has announced plans to disclose the IP addresses and personal details of users who misuse the platform. Despite this regulatory pressure, Toncoin (TON) continues to climb in price, unaffected so far by these developments.

Telegram’s Response to Regulatory Demands

Authorities have noticed that some users are exploiting Telegram’s “Search” feature to sell illegal goods. While this tool was designed to help users find public channels and bots, it’s now being misused by certain individuals. This misuse has jeopardized Telegram’s presence in countries like India.

In response, Telegram has ramped up efforts to combat illegal activities on the platform. A dedicated team of moderators, using AI technology, has been monitoring and reducing the circulation of harmful content. Telegram’s founder, Pavel Durov, stated that these measures have significantly curbed the spread of illicit material. However, to further comply with regulatory demands, Telegram has updated its Terms of Service and Privacy Policy, now stating that the platform may share user IP addresses and contact details if violations occur.

While these measures aim to discourage criminal activities, they have drawn criticism from privacy advocates. Many believe this move contradicts Telegram’s original mission of protecting user privacy and free speech.

TON Price Unaffected by Telegram’s Regulatory Challenges

Despite Telegram’s regulatory hurdles, the price of Toncoin (TON) has shown resilience. TON is currently trading at $5.68, having risen by 6.37% in the past 24 hours and 5.17% over the last week. So far, there is little evidence that the regulatory pressure on Telegram is negatively affecting TON’s market performance. However, this could change in the long term, depending on how the situation unfolds.

Durov emphasized that Telegram remains committed to maintaining its platform’s integrity for its nearly one billion users. However, some believe that these steps may undermine the company’s values of privacy and free speech, potentially affecting both Telegram and TON in the future.

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Altcoin

Catizen (CATI) Price Soars 30% After Binance Listing

by Ouess
written by Ouess

TON-based Catizen (CATI), a play-to-earn (P2E) crypto project, has surged over 30% following Binance’s announcement of its listing. Investors are optimistic about the token’s future as Binance extends multiple offerings for CATI.

Binance Expands Catizen Offerings

On September 20, Binance confirmed it would add Catizen (CATI) to its simple earn, convert, margin, and auto-invest programs. CATI began trading on Binance, and as of 10 UTC, users can access simple earn and flexible product options for the token.

Additionally, from September 23, users can purchase CATI via several payment methods, including VISA, MasterCard, Google Pay, and Apple Pay. Binance also offers trading of CATI with BTC, USDT, and other tokens, with zero conversion fees. Cross and isolated margin pairs for CATI/USDT and CATI/FDUSD will also be available.

CATI Price Surges Over 30%

In response to its Binance debut, CATI saw a 34% price jump from its 24-hour low of $0.6989 to a high of $0.9353. This rise reflects the bullish trend seen with other tokens listed on Binance, such as Kadena (KDA), which also saw a price surge of nearly 30%.

Catizen’s recent upswing is expected to continue, with analysts suggesting the token could reach $1, despite some controversy surrounding its airdrop.

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Altcoin

Toncoin Price Rallies Despite Market Uncertainty

by Ouess
written by Ouess

This week, the cryptocurrency market saw a mix of emotions as leading assets struggled to overcome bearish trends lingering since late August.

Despite the uncertainty, Bitcoin and several altcoins managed a price recovery over the last 24 hours. Meanwhile, Toncoin (TON) stood out by maintaining its bullish momentum throughout the week.

According to CoinMarketCap data, Toncoin added 2.99% to its price, trading at $5.72 at the time of writing. This upward trend follows a volatile period caused by external events.

Toncoin’s Price Drop After Pavel Durov’s Arrest

Earlier this month, Toncoin experienced a sharp drop following the controversial arrest of Telegram co-founder Pavel Durov in France. After the arrest on August 25, TON fell below $5, hitting a support level of $4.44 on September 7. However, it quickly bounced back, reclaiming the $5 mark the following week.

Durov was detained by French police for four days, facing allegations of criminal activity related to Telegram. The altcoin showed significant volatility during this period but managed to recover shortly after his release on bail.

Toncoin’s Weekly Performance

Zooming out, Toncoin’s weekly performance reveals a 22.95% price increase. The altcoin began the week at $4.61 and gradually climbed to its current levels.

On the 4-hour chart, Toncoin’s short-term 9-day moving average (MA) stands above the long-term 21-day MA, reinforcing the bullish outlook. Additionally, the RSI (Relative Strength Index) is at 65.99, signaling a potential overbought condition but still leaning toward positive momentum.

Memecoin Launch Causes Network Outages

Despite Toncoin’s positive price action, the network recently experienced block outages following the launch of the ecosystem’s new memecoin, DOGS. This launch added to the token’s volatility, but it hasn’t derailed the overall upward trend.

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Telegram Expands Moderation to Private Chats After CEO Arrest

by Ouess
written by Ouess

Telegram, known for its previously lenient approach, has made a significant change in how it handles “illegal” activity on its platform. The shift comes just days after CEO Pavel Durov was arrested in France for allegedly failing to monitor and police unlawful content on the messaging app.

Major Policy Shift: Moderation in Private Chats

On Thursday, Telegram quietly updated its FAQ page, revealing that users in private chats can now report illegal content for review. This is a major departure from the app’s previous policy, where private groups were treated as off-limits to moderation. Now, users can flag illegal activity, allowing moderators to take action.

This change in stance could have a profound impact on how Telegram is perceived, especially as French authorities accuse the platform of enabling criminal activity. Telegram had long been criticized for allowing unregulated conversations, but with these new measures, it is moving towards stricter oversight.

CEO Arrest and the Impact on Telegram

Last month, French authorities arrested Telegram’s CEO, Pavel Durov, accusing him of not doing enough to stop illegal activities on the platform. While Durov insists the charges are baseless, he remains in France awaiting trial. In a recent post on Telegram, Durov acknowledged that the platform’s rapid growth has made it easier for criminals to misuse it. He promised further changes to improve safety.

Conclusion

Telegram’s shift towards moderating private chats marks a new era for the messaging app, especially in the wake of its CEO’s legal troubles. By allowing users to flag illegal content in private conversations, the platform is taking steps to address concerns about its role in facilitating unlawful activity.

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