The cryptocurrency market remains dynamic, offering new opportunities for profit. Attention is drawn to whale actions in Mantra and Toncoin's decline.
TON Market Analysis: Next Steps Following a Decline
Amid cyclic bearish trends, Toncoin experienced a 9.45% price drop, hitting the $3.070 mark. Key analysts highlight strong resistance at $3.076, breaking which could elevate the price to $3.20. However, breaching support at $2.910 may lead to further declines to $2.50. Strategies to navigate these key levels are considered critical for future trend changes.
Mantra Whale Actions Influence Market
Major investor actions in Mantra drew attention as 20 million OM were acquired over four days for $143.1 million. Despite this, OM's price fell by 7.90%, reaching $6.89. Market uncertainty intensified as whales retained tokens via Binance's main wallet despite a $4.7 million unrealized loss. OM liquidations total $338.22K, while minimal short liquidations of $10.07K indicate trader doubts.
BlockDAG Bonus Captures Attention
BlockDAG’s BDAG800 bonus program grabbed attention with its offer to quadruple BDAG purchases. As of publication, $203.9 million has been raised, and the BDAG presale continues at a fast pace. This period could be significant for early participants, especially with predictions of a $1 value per BDAG in the future.
The cryptocurrency market faces periods of instability, yet bonus programs and major investor actions continue to shape price dynamics. The Toncoin and Mantra situation requires careful monitoring, while sudden opportunities like the BlockDAG bonus capture investors' interest.
