- Oh, how delightfully unconventional, Toncoin‘s dance with fortune has been so independent lately!
- My dear, the Ascending OBV and the Bullish Market Structure are whispering sweet nothings about more gains. 💚📈
Dearest readers, let us take a stroll down memory lane as Toncoin [TON] made a rather spirited recovery from $2.5 earlier in March. After hitting rock bottom at $2.35, our darling TON has soared a whopping 66% in just three weeks. 🦋✨
And the grand finale? A bullish market structure on the 1-day chart, promising more to come. 🎉🚀
Now, isn’t it peculiar? TON has shown a distinct lack of interest in following the crowd. According to IntoTheBlock, it shares a +0.53 30-day price correlation with Shiba Inu [SHIB] and a +0.23 correlation with Bitcoin [BTC].
It seems our eccentric TON is marching to the beat of its own drum. 🥁🎶
Can Toncoin Tango Beyond $4?
The lack of correlation with BTC is quite the encouragement. Our dashing TON has thrown off its shackles and can prance on with its bullish momentum, even if BTC decides to take a tumble towards $80k. 🤿💸
The in/out of the money around price reveals a delightful secret. The $3.83-$3.94 region has seen 673 million TON purchased. These lucky souls are in profit on their Toncoin, and a retest of this demand zone might not spark any selling pressure. Hence, it shall serve as a strong support.
As for resistance levels, they seem trivial in comparison, with only the $4.42-$4.54 area putting up a fight. 💪🚫
March has been a busy bee for network activity, mirroring the price rise. The daily active addresses’ 30-day moving average has made a higher low compared to mid-March, indicating increased activity and demand for TON. 🐝📈
The rally saw the dormant circulation spike multiple times over the past week, suggesting increased token movements. Likely the result of holders taking profit after the rally, but fear not, more gains await. 🍀💰
The Toncoin price chart has broken free from the lower high of February at $3.95, making a series of higher lows and higher highs on the lower timeframes. This denotes a bullish trend that has the potential to sweep the daily timeframe off its feet in the coming weeks. 💃🕺
The On-Balance Volume has soared higher, surpassing the highs made earlier in 2025 and challenging the December levels. This indicates strong buying pressure. 💪💰
In conclusion, further gains appear inevitable for Toncoin. Keep your eyes peeled for the next resistance levels at $4.5 and $4.8. 🕵️♂️👀
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2025-04-01 04:10