Amid the broad market bull trends, Toncoin’s price jumped by 10% in the past seven days, bringing its value above the $5.20 mark for the first time since October 21. Following this development, TON holders with unrealized losses have significantly reduced. Notably, Toncoin’s on-chain metrics suggest that the altcoin could reach new highs in the coming days.
Similarly, the AVAX token has surged by over 30%, nearing a critical level that, if broken, could cause a substantial rally. This recent price upswing has drawn the attention of investors and analysts who are optimistic about the potential of the Layer-1 blockchain, positioning it among strong players in the cryptocurrency space.
Toncoin Profitability Rises: Over 20% Of TON Holders Are In Green
After the broader market rebound, which saw the global cryptocurrency market capitalization reach $2.79 trillion, several tokens, including Toncoin (TON), experienced a recovery. As a result, the Historical In/Out of Money shows that about 21.91 million TON addresses are in profit. This represents about 22% of the total number of holders. Notably, of 17.57 million addresses, roughly 18% are at the break-even level.
Conversely, over 58% have made losses. HIOM highlights the percentage of Toncoin wallet addresses that would have made a profit or loss if they sold their holding at a given time. Therefore, the rising number of TON holders in profit could encourage buying pressures. If this remains the case, the current over 58% holder ratio would significantly decrease.
Additionally, its Money Flow Index (MFI) supports the bullish trends. As seen on the TON daily chart, the MFI has been increasing, which indicates the current bullish momentum continues with buying pressure backing it. However, the price of Toncoin has hit resistance around the $5.28 mark, but it is not strong enough to cause a correction, which is attributed to its underlying support at $4.92. Its Fib retracement indicator is solid at the $4.78 mark, and with the presence of buying pressures, TON’s price is likely to surge toward the $6.15 mark.
AVAX Price Nears Breakout, Top Analyst Targets $420 For It This Cycle
Avalanche has seen recent growth amid a market rebound. Top analyst Kaleo shared his optimism about the token, highlighting a bullish price target of $420 for the altcoin. This price outlook aligns with broader market sentiment as Bitcoin continues to record new highs, which has created a favorable environment for altcoins, including the AVAX coin.
The next few days are critical in determining if the AVAX token could push through the supply level, further affirming the bullish trends. Notably, the price of AVAX has breached its critical resistance zone, which had been constraining its value for weeks. This breakout has heightened investor interest in the token as it hints at a bullish shift in momentum. According to Kaleo, the AVAX token has the potential to drive its value to an ambitious target of $420.
This represents a 1200% increase. For this bullish projection to come true, AVAX must maintain the current momentum and breach another upper critical resistance level. Moreover, the price of AVAX needs to surpass its previous high around the $33 mark, which would confirm an extended bullish structure. After breaching this level, the AVAX token would increase market confidence and draw new investors since the confirmed uptrend signals a potential long-term rally.
Lunex Network Next Price Target ?
Within a month into its presale campaign, Lunex Network (LNEX) has hit impressive milestones, raising over $2.1 million and delivering over 66% ROI to its early adopters. Analysts hint at room for more growth as they project that the project could surge 100x post-launch and an additional 1800% by the end of its presale.
The main driver behind its bullish momentum is its aggregation protocol, which solves DeFi issues, including liquidity and price optimization. So far, LNEX tokens are available at a low-price entry point of $0.0021. This could be the breakout project savvy investors have been searching for in Q4.
You can find more information about Lunex Network (LNEX) here:
Website: https://lunexnetwork.com
Socials: https://linktr.ee/lunexnetwork
