Toncoin’s Wild Ride: Will It Break $4 or Crash and Burn? 🚀💥

Toncoin’s daily chart was as bearish as a rainy day in Brighton, but demand was as stubborn as a cat refusing to move off your keyboard.
A breakout past $4? Not confirmed yet, darling. Patience, please.

Toncoin [TON], at the time of writing, was flashing a sell signal on the TD Sequential, according to crypto analyst Ali Martinez. This, after the price decided to take a little nap under the pivotal $4 resistance zone. How very dramatic.

A growth in Toncoin dApps could mean a resurgence in DeFi solutions across the network. So, the burning question – Could this boost demand for the token and send the altcoin’s price soaring? Or will it fizzle out like a damp firework?

Is Toncoin’s demand enough for a breakout? Or is it all just hot air?

On the daily timeframe, Toncoin‘s market structure was as bearish as a grizzly with a hangover. And, the $3.95-level would be the one to beat to shift it bullishly. The chances of this happening appeared good too. Additionally, the volume indicators were on the bulls’ side. How very encouraging.

At the time of writing, the CMF was above +0.05 to signal sizeable capital inflows. The OBV dramatically bounced higher over the past two weeks and seemed to be closing in on the highs from December. The MACD also noted a shift in momentum and at press time, was close to climbing past the zero mark. How very thrilling.

Together, these indicators revealed that a breakout beyond $4 might be likely. TON bulls’ flip of the $3.47-level to support a week ago may be an encouraging sign as well. How very reassuring.

The 4-hour chart revealed that Toncoin’s capital inflows have slowed down lately. The CMF fell below -0.05. However, investors need not be disheartened. The OBV maintained its uptrend, although the MACD outlined weakened bullish momentum. How very resilient.

The market structure was bullish, and the $3.4-level emerged as a demand zone. A retest of this area would likely yield a price bounce. A move below this level could see TON retrace its recent gains. How very precarious.

The 3-month liquidation heatmap highlighted the $3.9-$4 region as a key magnetic zone. How very magnetic.

Beyond this area, the $5.5 and $5.9 levels seemed to be the notable liquidity clusters. Hence, Toncoin’s reaction at $4 would be critical. How very pivotal.

Zooming into the 2-week heatmap, the $3.5 area contained a noticeable cluster of liquidation levels. It underlined a short-term downward magnetic zone for the price. Hence, TON traders can expect a dip to $3.4-$3.5 in the coming days. How very predictable.

The volume indicators on the 1-day chart underlined potential for a price rally. Hence, a drop to $3.5 would be a buying opportunity. Traders can take profits at $4, and wait for this level to be flipped to support before going long once again. How very strategic.

2025-03-22 21:13

Is Toncoin’s demand enough for a breakout? Or is it all just hot air?

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