- Ton’s losses have fallen considerably in recent weeks
- Ton’s break-even price data revealed that 89.7% of holders had a profit, while 9.5% were outside the money
Toncoin’s [TON] The short -term losses have fallen considerably in recent weeks, indicating a possible shift in sentiment. The loss of loss can be a sign that holders are on their way to profitability, which could increase market confidence.
As holders recover their foot in the short term, their renewed optimism can attract new capital. This can be expected to feed a long -term price momentum for Ton on the charts.
A bullish turning point for Ton?
Between February 3 and February 21, the losses of 1 week holders fell from21% to -3.8%. On the contrary, the losses of 3 months fell from -33% to -29.3%.
Source: Cryptuquant
This steady improvement could refer to a potential recovery phase, especially because the capitulation slows down in the short term. Historically, his shrinking loss preceded bullish reversations in the short term, signaling that holders regain confidence and slide away panic sales.
If this trend continues, Ton could see a stronger price basis, leading to upper body in the charts.
Assess the power of price action
Further analysis of the 1-hour Binance Binance graph displayed Fibonacci Retracement levels, with the price support at $ 3,5424 (0.786 level) and resistance near $ 3,7092 (0 level).
Source: Coinglass
A successful recovery of 0.618 ($ 3,6258) could validate a bullish continuation. In the meantime, the MACD indicator revealed a bullish crossover, with the MacD line that crosses above the signal line and a growing green histogram that confirms a walk in Momentum.
Together these indicators suggested that Ton may recover, with key resistance tests ahead.
Strong profitability – Can the further profit profit make a profit?
A look at the break-even price data of Ton showed that at the time of the press 89.7% of holders had a profit, while 9.5% remained from the money.
Source: Intotheblock
The minimum segment of the money (0.79%) suggested that most positions in profit were well established.
Historically, such a structure has supported a bullish sentiment, because profitable holders have less chance of selling aggressively. However, resistance zones in the vicinity of $ 4.76 and higher can act as a barrier when buying Momentum fades.
A sign of growing demand for Ton
Ton’s daily active address graph showed a 7-day walk of 10.67%, while new addresses rise by 42.22%. This increase in new participants hinted at the growing network adoption – something that reinforces price stability in the past.
Source: Intotheblock
In addition, zero-balance addresses rose with 58.14%, which indicates possible wallet activities in which traders consolidated or moved funds. This trend could mean that previously inactive portfolios have gone again with the market-one pattern that is often linked to renewed investor confidence.
More active addresses and newcomers indicate the growing demand, which strengthens the strength of Ton as it recovers.
Finally, Ton’s Spot Netflows unveiled a net flow of $ 60.03k in the last 25 hours – a sign that the barrel moved from fairs the barrel that moved in it surpassed.
Source: Coinglass
This pattern seemed to be in line with earlier accumulative phases, whereby outsource reduce the immediate sales pressure and gradually support price increases. Persistent outlets may indicate continuous accumulation, so that Ton’s next leg may float up.
In conclusion, as the trend continues, Ton can determine higher support levels, which determines the stage for a potential outbreak.