The crypto market is showing renewed activity, with attention focusing on Solana and Toncoin, which are showing significant price fluctuations.
Solana (SOL) Reclaims $132
Recent price movements of Solana have captured traders' attention once again. After dipping below $130, SOL climbed back above $132, briefly hitting $134. This rebound is supported by strong on-chain metrics, particularly the UTXO Realized Price Distribution (URPD) data from Glassnode.
According to Glassnode, over 32 million SOL were transacted at $129.79, forming the largest cost basis cluster in Solana's current cycle. This level now represents a crucial support area.
Toncoin (TON) Rises Following Durov's Return
Toncoin has also made headlines with a recovery of over 20%. The rise was triggered by the news of Telegram founder Pavel Durov's return after being detained in France. This development is seen positively by the market, signaling potential growth for the TON ecosystem.
Toncoin broke out of its falling wedge pattern and bounced off a key daily support zone. It is currently trading near $3.60, facing resistance at this level.
Market Summary and Outlook
Despite the positive sentiment, analysts remain cautious about long-term upside. Historical highs and protected levels still define the broader trend. In current conditions, traders should carefully monitor the dynamics since the recovery may be short-term but also opens up possibilities for profit.
Solana's rebound towards $144 and Toncoin's 20% surge serve as encouraging signals for market watchers. It's essential to pay attention not only to popular tokens but also to opportunities that arise in the market.
