Altcoins News
By MikeT
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Toncoin (TON) has entered a pronounced downtrend after failing to sustain its recent recovery attempt.
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Just two weeks ago, the outlook for Toncoin was considerably more optimistic. The asset managed to climb above a crucial local resistance at $3.
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The shift in sentiment has been further confirmed by key on-chain indicators. The Spent Output Profit Ratio (SOPR), which measures whether tokens are being sold at a profit or…
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Additionally, the HODLer Net Position Change metric has turned negative, reinforcing the bearish narrative.
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From a technical standpoint, Toncoin's price action is now firmly bearish. The Chaikin Money Flow (CMF), an indicator used to measure capital flow into or out of an asset, has…
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Overall, Toncoin’s failed breakout and the subsequent wave of selling have clearly shifted momentum in favor of the bears.
The Currency Analytics
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