Recent developments indicate a significant rise in transaction volumes for Solana (SOL) and Toncoin (TON), as reported by ChangeNOW, a registration-free cryptocurrency exchange platform. This surge suggests that savvy investors and large holders concerned about fund security are entering an accumulation phase. The increased activity on ChangeNOW may signal potential future growth for these cryptocurrencies.
Solana (SOL) Faces Bearish Indicators Amid Price Fluctuations
Solana’s price is currently fluctuating below $231, with technical indicators suggesting bearish market influence. The Relative Strength Index (RSI) is at 39, indicating weaker buying momentum, while the MACD level is negative at -2.353, pointing to potential downward pressure. The stochastic oscillator stands at 22, close to oversold territory, which could hint at future price adjustments. The nearest support level is $133, and resistance is at $253, with a second resistance at $314. Recent price changes show an increase of over 23% in the past week and nearly 40% in the past month. Investors interested in Solana can access it through platforms like ChangeNOW, offering transactions without registration and hidden fees.
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Toncoin Shows Signs of Bullish Rebound Amid 12% Weekly Gain
Toncoin’s price has risen by 12% over the past week, moving within the $4.69 to $5.72 range. With the RSI at 39 and stochastic near oversold levels, the market shows potential for growth. The price is hovering around the 10-day and 100-day moving averages, suggesting possible stability before an upward move. If Toncoin breaks the nearest resistance at $6.17, it could rise toward the next level at $7.20, representing a potential increase of over 30% from current prices. The recent bullish momentum indicates that market sentiment may be shifting. This favorable setup provides an opportune moment to trade Toncoin which can be done on ChangeNOW without registration and hidden fees.
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Conclusion
Solana and Toncoin offer unique opportunities to investors and traders. Solana is known for its fast transactions and low fees, making it attractive in the cryptocurrency market. Toncoin, built on the Telegram Open Network, has special features that appeal to a growing number of users. For those considering investing in these coins, ChangeNOW is an excellent platform for transactions. ChangeNOW allows users to exchange, buy, or sell these coins without hidden fees or the need for registration, enhancing security by not storing user funds. With support for over 900 cryptocurrencies, no limits on transaction volumes, and the option to purchase crypto using a bank card, ChangeNOW provides convenience and flexibility for crypto enthusiasts.
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Source: https://thecryptobasic.com/2024/11/13/solana-vs-toncoin-price-prediction-based-on-latest-news/?utm_source=rss&utm_medium=rss&utm_campaign=solana-vs-toncoin-price-prediction-based-on-latest-news