Toncoin (TON) shows a buy signal: Could this be a golden opportunity for traders?

After a week of witnessing a severe downturn in the entire cryptocurrency market, Toncoin (TON) may be preparing for a potential recovery, as key technical indicators and on-chain data are starting to send positive signals at the time of this writing.

According to a recent share from analyst Ali Martinez on Twitter, the TD Sequential indicator has issued a buy signal on the daily timeframe for TON — a signal often viewed by investors as a positive trend reversal indication. This pattern suggests that this altcoin is about to enter a new growth cycle.

This signal appears at a particularly important time, when the price of Toncoin has just undergone a deep correction and is struggling to regain its growth momentum amidst a volatile overall market.

The influx of funds into the exchange reflects increased activity from investors

Supporting the aforementioned positive technical setup is a significant increase in the flow of TON funds into exchanges. According to data from IntoTheBlock, in just the past 24 hours, the amount of money flowing into exchanges for this altcoin has surged by 10%.

Although the flow of funds moving onto the exchange is sometimes seen as a sign of potential selling pressure, it can also reflect a phase of accumulation, where investors actively take advantage of short-term fluctuations to build strategic positions.

In the current context, the surge in capital flow coincides with a buy signal from the TD Sequential indicator, suggesting that investors may be preparing to open new long positions. This development also reflects the growing expectations for a short-term recovery of TON.

Source: IntoTheBlock## Holder balance data adds momentum to the bullish narrative

The optimistic picture of Toncoin is not only painted from technical signals. In-depth analysis from Bitcoin Magazine based on data from IntoTheBlock shows that the amount of TON held in wallets has increased significantly in the past 24 hours.

This trend reflects a prevailing accumulation mentality, as investors choose to hold rather than take profits. In the cryptocurrency market, an increase in wallet balances is often an indicator that long-term confidence is being strengthened – a factor often associated with expectations of price appreciation.

When accumulation activity occurs simultaneously with cash inflows into the exchange and technical indicators signal a buy, the market begins to form a clear common expectation of recovery.

Source: IntoTheBlockWith the convergence of both on-chain data and technical analysis, Toncoin is sending signals that a short-term price increase may be very close.

However, the next direction of TON will still largely depend on the fluctuations of Bitcoin (BTC) and the overall market trend. In the case of an improvement in macro sentiment, it is possible that TON will return to test important resistance levels above.

Disclaimer: This article is for informational purposes only and is not investment advice. Investors should conduct thorough research before making any decisions. We are not responsible for your investment decisions.

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