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Highlights
- Crypto analysts predict a suitable DCA Strategy as Toncoin price retracement seeks support at a one-year moving average
- The $4.6 and $3.3 stand strong pullback support for TON in the current correction.
- OKX Ventures, The Open Platform (TOP), and Folius Ventures announced a partnership to establish a $10 million "Telegram Growth Hub.”
The crypto market witnessed a slight downtick during Wednesday’s U.S. market session as Bitcoin’s price reverted to $72,000. While this downturn has stalled recovery in the altcoin market, crypto analysts reveal a suitable DCA strategy for the Toncoin price before a major reversal.
With the crypto market today, the TON price had traded at $4.9, with an intraday loss of 0.76%. According to Coingecko, TON’s market cap was held at $12.6 Billion, while the 24-hour trading volume surged to $350.1 Million.
Analyst Suggests DCA Strategy as Toncoin Eyes $10 High
In a recent tweet, the crypto analyst Burakkesmeci highlights a suitable buying opportunity for long-term buyers utilizing the Toncoin Price Heat Map. This tool incorporates the one-year moving average and multipliers to identify TON’s critical support levels.
Historical data shows the Toncoin price has dipped below this average during the bear markets. However, as if we are currently in a bull cycle, the current dip could provide a favorable risk/reward scenario.
According to this model, if TON’s price reaches the Sigma8 level, it could offer a significant profit margin due to the relatively low volatility and “cool” zone status on the Heat Map. This environment is ideal for Dollar-Cost Averaging (DCA), allowing investors to accumulate TON at a lower risk threshold.
Thus, a potential reversal will recuperate the bullish momentum and drive Toncoin price rally to $10 psychological level.
$10M Telegram Growth Hub Targets TON Blockchain Development
OKX Ventures, The Open Platform, and Folius Ventures have recently announced their partnership to launch a $10 million “Telegram Growth Hub” to foster innovation within the Telegram ecosystem.
This initiative focuses on three major areas— user onboarding and educational tools, trading capabilities, and expansion of the mini-app ecosystem. The Successful applicants will only gain financial backing but also technical support, mentorship, and access to resources from OKX, TOP, and Folius Venture.
This development bolstering creative and scalable solutions on the TON blockchain could directly impact the demand for Toncoin.
Frequently Asked Questions (FAQs)
1. What is the suggested Dollar-Cost Averaging (DCA) strategy for Toncoin as it approaches $10?
2. How does the $10M Telegram Growth Hub impact Toncoin’s demand?
3. What support levels should investors watch for Toncoin during this correction?
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