Tonquine is showing symptoms of strength on both on-charts and charts, leaving a minor pullback in the last 24 hours.
Summary
- The ton is 30% above the previous month, supported by the Striis structure and the Rising Open Interest.
- The on-chain activity is climbing, with high dex volumes, chain fees and stabechoin inflow.
- Technicals are the fastest, although the speed indicator suggests that a short -term cold is possible.
At the time time, Tonquine (Ton) is trekking at $ 3.56, is 1.3% a day, but still 3.6% in the previous week and 30% in the previous month. The token lives in a healthy range, which is flouted between $ 3.20 and $ 3.70 compared to the previous week.
This major action comes as network usage and investor command. The 24-hour trading volume for ton has increased by 3.3% to $ 324.8 million. Open interest, for co -operative data, up to 28%, has reached $ 13.61 million, which is a sign of glory investor engagement.
While the volume of derivatives fell by 10.5% to $ 263.4 million, an increase in open interest suggests that traders are holding their posesity for a long time, possibly expecting a big step.
On-chain matrix show healthy network speed
According to the activity defilama data in the ton ecosystem, the activity is steadily increasing. The weekly decentralized exchange volume rose from $ 54 million to $ 60 million next week in the week ended July 20, and hit $ 82 million in the previous week. Similarly, the chain fee increased from $ 98,758 before the first week before $ 124,112, indicating an increase in user activity.
Stablecoin flow is also increasing, with tons stabeloin market cap. Strong liquidity and more widespread decentralized finance are often associated with this trend.
The story is being run by the major ecosystem devil. Binance Wallet created ton staging potability on August through its earnings facility. 1, $ 300,000 prize access to the pool.
To support a tonquine Treasury firm, the ton foundation and Kingsway Capital announced an attempt of $ 400 million to a week-long earning, which leads the ton’s post as a testicular property.
Tanquine technical analysis
From a technical point of view, the ton is visible rapidly. Both the 10-day EMA and SMA are serving as support around $ 3.45, and the price action is still above the major moving average. Strong speed without immediate good
Bollinger bands indicate the test price action of the upper band at $ 3.62, indicating the moving average convergence diversion mainly indicate its above with a positive cross. If tons turn off this resistance, a breakout tweet $ 3.80 may target the next upward.
However, caution is warrant. The short -term speed appears stalling, and the commodity channel is in the cell zone at the index 125.6. In the Ton 20-day EMA, close to $ 3.33 can retreat tweard support if the bulls are mainly unable to volume.
