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Toncoin (TON) Faces Increasing Selling Pressure But Traders Remain Bullish

Toncoin (TON) has recently found itself in a challenging position as market signals indicate a rise in selling momentum and heightened pressure on its price. Like many digital assets, TON’s price movements are sensitive to market dynamics and investor behavior, which can fluctuate quickly based on market sentiment and technical indicators. Currently, TON appears to be teetering toward oversold territory, with technical markers suggesting that sellers are temporarily in control. However, amid this downward push, there are subtle hints that a rebound may be on the horizon, signaling a potential shift in momentum. At the time of writing, TON is trading at $5.70 TON/USDT on Gate.io. One of the main indicators currently drawing attention is the Relative Strength Index (RSI), which measures the magnitude of recent price changes. TON’s RSI is now approaching a level typically associated with oversold conditions, sparking interest among investors watching for signs of a price recovery. Simultaneously, on-chain data reveals that significant quantities of TON have recently been transferred to exchanges, hinting that some holders may be preparing to liquidate. This inflow of tokens to exchanges can sometimes signal bearish sentiment, as investors position themselves to sell. As TON approaches critical support levels, the possibility of a rebound remains, but several key factors will play a role in determining its trajectory. In this article, we’ll dive into these signals, exploring the potential outcomes based on current trends and examining the support and resistance levels that could define TON’s path in the coming days. Whether TON is poised for further declines or nearing a turning point, understanding these market signals can offer valuable insights into what may lie ahead. Last but not least, we will evaluate and explain why traders should remain bullish on TON, including its ties and deep integration into the Telegram ecosystem. Holders Transfer 30,000 TON to Exchanges Currently, TON’s RSI sits around 29.69, slightly above its recent low of 26 from just days prior. This reading places the coin close to oversold territory, dominated by selling momentum. The RSI, or Relative Strength Index, gauges price movement speed and variation. Readings below 30 signal potential oversold conditions, while levels over 70 typically indicate an overbought market. When an asset’s RSI dips below 30, it often points toward undervaluation and may suggest a forthcoming price recovery. Although the recent RSI increase could hint at a possible price rebound, an immediate recovery may not be on the horizon. Historical data reveals that TON’s RSI has sometimes fallen even lower—down to 15—before a clear reversal trend appears, indicating that further selling pressure might occur before a substantial recovery. Data reveals that around 30,000 TON has been transferred to exchanges in recent days. Coin movements to exchanges often signal a potential selling outlook, as these transfers imply that holders might be positioning to sell soon. In contrast, when coins are removed from exchanges, it typically indicates a bullish sentiment, as users seem more inclined to hold. This inflow of 30,000 TON could bring a slight uptick in selling pressure, although this volume alone may not be sufficient to cause significant price fluctuations. Future TON Price: Stay Bullish Examining the Exponential Moving Average (EMA) lines for TON reveals a bearish trend, with TON trading below all EMA lines. Additionally, the short-term EMAs remain below the long-term EMAs, reinforcing a persistent downtrend. This trend suggests that sellers are currently in control, and the downward trajectory may persist for the time being. If this pattern holds, TON’s price might test a support level near $4.50, where some stability could potentially emerge. However, given the RSI’s current signal toward oversold conditions, a rebound could be on the horizon. If buyers regain interest and selling momentum eases, TON may aim to test a resistance level around $4.90. This prospective rebound will largely depend on a shift in market momentum, with critical support and resistance levels shaping further TON price prediction and price path . Why are We Bullish on TON? Toncoin (TON) holds a significant use case that extends beyond typical investment dynamics, particularly as a funding mechanism for advertising on Telegram channels. As Telegram’s ecosystem grows, TON has emerged as a core asset in the platform’s economy, serving advertisers and channel owners who rely on the messenger’s vast user base to promote content, products, and services. With Telegram boasting millions of active users globally, TON’s demand is deeply tied to the expansion and adoption of advertising on the platform, making it an integral part of Telegram’s monetization strategy. This functional utility lends TON a degree of resilience that many speculative assets lack. Advertising is a continuous need in any ecosystem, and Telegram’s popularity as a secure and versatile messaging platform has attracted a diverse audience, from casual users to businesses seeking a direct line to their audiences. With TON used to fuel these transactions, demand for the token is inherently linked to Telegram’s growth. As long as advertisers see value in reaching Telegram’s extensive user base, TON will likely maintain a stable level of demand that supports its price. Moreover, as Telegram expands its offerings—whether through new advertising features, premium channels, or additional integrations—the need for TON may increase further, strengthening its utility and intrinsic value. This connection between TON and Telegram’s advertising infrastructure means that the token isn’t solely dependent on speculative trading or external market conditions for its value. Instead, its price is partially anchored by a robust, recurring need from businesses and advertisers who see Telegram as a primary platform for reaching users. This use case provides TON with a foundation that can help insulate it from extreme price drops, especially when compared to assets lacking such clear and essential functions. CoinOtag

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Markets - Bitcoin Breaks Out above $100,000 Again

Crypto markets kicked off 2025 with a rally, with Bitcoin finally breaking out after ranging between $90,000 and $100,000 for most of the past two weeks. Bulls need to hold above the key psychological level and keep pushing. Notably, all of the Top 100 digital assets posted gains last week. Layer 1 coins outperformed, led by XLM (+39%), ADA (+34%), and INJ (+31%). To continue reading this as well as other DeFi and Web3 news, visit us at thedefiant.io CoinOtag