Toncoin: Should Traders Be Concerned About the 240,000 Tons of Toncoin Moved to Exchanges

• Since Pavel Durov’s arrest in France in August 2024, investors have sold over 890,000 TON.
• However, there are signs of a price reversal of TON from support, coupled with the OI Delta signal.

Pavel Durov’s arrest in August 2024 triggered a significant sell-off of Toncoins [TON]. Subsequently, over 890,000 TON were sold, representing a notable increase in market volatility.

The recent transfer of over 240,000 Toncoin to exchanges last week has intensified selling pressure. This reflects investor concerns and indicates that Toncoin’s price performance has deteriorated significantly following these events.

The amount of Toncoin held dropped sharply as these large volumes hit the market, leading to a noticeable price decline.

This trend suggests that TON could face further declines if selling pressure continues. However, it might also present a buying opportunity for investors anticipating a market recovery.

The precarious situation surrounding Toncoin—tied closely to high-profile individuals—highlights the extensive impact geopolitical developments can have on cryptocurrency markets. Open Interest Delta signifies a potential reversal.

Despite recent sell-offs, TON’s Weekly Open Interest (OI Delta) exhibited increased volatility alongside rising OI. Historically, this pattern has been an optimistic indicator for potential price increases.

In mid-2024, when OI Delta surged again alongside an uptick in Toncoin’s value. The recent surge in OI as of January 25th suggests that any subsequent reversal could usher in bullish market conditions. Should this trend persist and correlate with historical patterns observed earlier,
careful monitoring of OI shifts along with concurrent pricing movements may reveal insights into the short-term dynamics affecting TON’s market performance.

Liquidity and position flow will be critical factors determining whether the current OI trajectory will endure.
 

Source: CryptoQuant.   . — TON is currently approaching key support at $4.80—a level it has tested multiple times and shown resilience against each encounter.

The repeated approach towards this significant support area indicates potential for upward momentum. This past behavior points toward possible recoveries linked to interactions with previous support encounters.The MACD displays signs indicative of convergence hinting at positive trends ahead. This may suggest an impending rise for TON similar to past occurrences; thus presenting savvy investors attentive to these levels could be poised for buying opportunities.

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