Journalist
Posted: December 14, 2024
- The momentum of Toncoin remained bullish but has weakened compared to the previous week.
- Sustained demand was seen in recent weeks, but it might not be enough to break the $7.3 and $8.3 resistance zones.
Toncoin [TON ($1.51)] was up nearly 20% after the swift drop to $5.3 on Monday the 9th of December. This dip varied across exchanges, reaching $5.3 on Binance but $4.91 on Bybit. Liquidation cascade’s bottom aside, the recovery has been remarkable on the lower timeframes.
Bitcoin [BTC ($86,657.00)] has yet to convert the $101k-$103k zone for support. However, the altcoin market cap has been in a strong uptrend since November. After the large reset on Monday, further gains can b...
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