- Ton decreased by 19.97 % during the past month.
- Toncoin’s activity fell on the series, as revenues and market ceiling reached the lowest annual level.
During the past two months, Ton [TON] It faced major conflicts on price plans and in the basics. In fact, TON is currently facing major challenges mainly.
Since Ambrypto analysis shows that Toncoin’s activities on the series witnessed a continuous decrease over the past year.
Source: Artemis
For beginners, Toncoin’s revenue has decreased to the lowest annual level of $ 9.1 thousand, indicating a significant decrease in the economic activity of Blockchain. This recession refers to reducing transactions, Defi activity, and trading, indicating a sharp decrease in demand.
The decrease in economic activity is highlighted by a modern decrease in the market value.
The ceiling of the market in Toncoin was the lowest annual level of $ 7.5 billion. The simultaneous decrease in revenues and the maximum of the market reflects the use of the network less and reduce demand for the area of the mass.
Source: Artemis
Low demand on the mass area leads to high inflation, as it involves less contraction. Historically, high inflation precedes low prices.
On an equal footing, we can see this reduced activity on the chain as the modified DAA deviation has turned into negativity.
With the price of Daa in a negative area, it confirms the decrease in the network’s participation, which means that the price of TON may decrease more to meet the actual demand on the network.
Source: Santime
What after toncoin
Undoubtedly, the low demand for demand and the use of the network reflects strong declining feelings, as investors sell with low prices.
Source: TradingView
Ampcrypto noticed the high pressure pressure as Toncoin RSI decreased to strike the sales lands, at the time of the press. With RSI at this level, it indicates that sellers dominate the market with the lack of buyers available in the market.
The domination of this seller is more evident by CMF who refused to reach a negative value.
Source: IntTHEBLOCK
This sElle pressure is especially clear between whales. The large Netflow ratio in Toncoin to the Netflow exchange significantly from -359.99 to 1016 %.
This sharp increase indicates that many adult holders transmit TON to exchanges for sale and intensify the pressure pressure. This activity of whales reflects the low market confidence, and enhances the homosexuality.
Currently, Toncoin faces strong declining trends, which leads to a decrease in the use of the network and its activity on the chain. Low demand, along with strong sales pressure, may lead to more losses for the TON price.
If the emotional feelings persist, TON may decrease to $ 2.83. However, with RSI in the sale area, an opportunity to buy for investors looking to buy a decline appears.
In the event of accumulation and the return of buyers, the reversal of the direction can push Toncoin to restore $ 3.5.
