- Recent surge in large transactions by 1.98% signals increased interest from whales, indicating potential bullish market moves.
- Growth in active Toncoin addresses by 10.69% and a 19.49% increase in new addresses shows rising network engagement.
Toncoin has registered a 10% increase in price within the past 24 hours, rebounding from its recent low of $6.02.
This movement comes after a brief 9% decrease in value observed on August 11, indicating a potentially strong market position.
A notable element in the current market structure for Toncoin is the liquidation pool located at the $6.63 price level, which involves 204,000 TON. This price point is crucial as reaching it could activate numerous liquidations, thereby influencing market volatility significantly.
The volume of large transactions involving Toncoin has increased by 1.98% recently. This upsurge in major transactions typically signals heightened interest from large-scale investors, suggesting a robust confidence in the asset’s future performance. Such activities are often viewed as indicators of potential market shifts.
Additionally, the network has witnessed a 10.69% increase in the number of active addresses, alongside a 19.49% rise in new addresses being created. These metrics are indicative of growing user engagement and broader adoption of Toncoin.
An increase in active addresses generally correlates with intensified network activity, which can underpin the cryptocurrency’s price stability and foster further growth.
Together, these indicators suggest that Toncoin is experiencing substantive engagement and investment interest, which could stabilize its value and encourage future appreciation. The presence of a large liquidation pool at $6.63 remains a price factor to watch, as movements around this level could significantly impact short-term markets.
