Toncoin (TON) has faced challenges in breaching the $6.00 barrier, leading to an 11% decline in the altcoin’s price. 

The Telegram-linked cryptocurrency is now trading at $5.36 and attempting to reclaim a crucial support level.

Toncoin Sees Hope

One key factor affecting Toncoin’s market sentiment is the percentage of investors in profit. Observing the active addresses by profitability, it is evident that less than 3% of the participating investors are currently in profit.

Typically, a higher number of profitable investors would be prone to selling, which could trigger a price decline. However, the fact that there are so few profitable holders means the selling pressure is low, which is a bullish sign for Toncoin.

The lack of profit-taking suggests that investors may be holding on to their positions, expecting a future rally. This creates a supportive environment for Toncoin, reducing the likelihood of sudden drops and potentially allowing the cryptocurrency to regain its lost ground.

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From a macro perspective, technical indicators are starting to show signs of recovery. The Chaikin Money Flow (CMF) indicator, which tracks the flow of money in and out of the asset, has bounced back from the zero line. This suggests that inflows into Toncoin are making a comeback, a crucial factor for the altcoin’s price recovery.

A sustained inflow of capital could help bolster Toncoin’s market position, indicating that investors are regaining confidence in the asset. The return of positive momentum, reflected in the CMF, is a sign that bullish pressure is starting to build, making it possible for Toncoin to push past its resistance levels.

TON Price Prediction: A Steady Rise

Toncoin is currently attempting to reclaim the $5.37 level as support. Successfully flipping this level is essential for the asset to attempt a rise toward $5.96, a key resistance point. Breaching this level would leave only the $6.00 barrier standing between Toncoin and a stronger upward rally.

The current market and macro factors support the possibility of Toncoin breaching $5.96, provided it can maintain its bullish momentum over the next few days. A steady inflow of capital and the low selling pressure create a favorable environment for recovery.

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However, any profit-taking by investors following the flip of $5.37 into support could disrupt the bullish momentum. This could keep Toncoin subdued under the $6.00 mark, delaying its potential for further gains.

Bitcoin’s (BTC) price recently experienced a 7.8% decline, dropping to $60,000. However, as the king of cryptocurrencies recovers from this drawdown, support from a significant group of investors could push the price higher. 

Institutional investors, in particular, are playing a key role in driving Bitcoin’s upward momentum, and their influence might propel BTC toward the $70,000 mark.

Bitcoin Notes Solid Demand

Institutional investors are crucial to Bitcoin’s potential recovery and future growth. According to data from Glassnode, Bitcoin exchange-traded funds (ETFs) now hold over $58 billion worth of BTC. This volume accounts for approximately 4.6% of Bitcoin’s circulating supply, indicating strong demand for regulated exposure to the cryptocurrency. 

The institutional demand suggests that large-scale investors view Bitcoin as a viable and valuable asset. As these investors continue to accumulate BTC through ETFs and other regulated means, they contribute to the coin’s long-term growth and stability. Their influence could be key in pushing Bitcoin’s price toward $70,000, especially if demand remains consistent.

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Bitcoin’s overall macro momentum also appears favorable for a potential price rise. The net realized profit/loss indicator, which tracks investor sentiment and behavior, recently noted a downtick, signaling that profit booking is slowing down. This shift suggests that selling pressure is decreasing, giving Bitcoin the necessary breathing room for a comeback.

As selling sentiment wanes, Bitcoin’s price could benefit from a more balanced market. This reduction in profit-taking allows for a more stable price environment, increasing the chances of a sustained recovery. With institutional demand remaining strong and selling pressure subsiding, Bitcoin could be on track for a price surge.

BTC Price Prediction: Rallying Hopes

Bitcoin is currently trading at $62,353, just above the crucial support level of $61,868. While this is a positive sign, BTC still faces a significant barrier at $65,292 before it can aim for $70,000. Breaking this resistance is essential for the next leg up in Bitcoin’s price movement.

The factors mentioned above suggest that a price rise is possible, but it will require steady growth supported by continued institutional demand. If institutional investors maintain their interest in BTC, Bitcoin could breach the $65,292 barrier and move closer to $70,000.

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However, if institutional demand weakens or large investors pull back, Bitcoin may struggle to break past $65,292. In such a scenario, BTC could test its support level at $61,868, potentially invalidating the bullish outlook and delaying further gains.

XRP price has seen a significant downturn in its price recently, dropping from $0.64 to $0.52, marking an 18% crash. However, the altcoin is now focusing on recovering this loss, with a key group of long-term investors potentially playing a vital role in driving this recovery. 

XRP’s future movement will depend heavily on its ability to leverage these supportive forces and breakthrough crucial resistance levels.

XRP Investors Have a Huge Responsibility

The Market Value to Realized Value (MVRV) Long/Short Difference indicator currently offers insight into XRP’s investor sentiment. Typically, negative values suggest short-term investors are making profits, which is often a bearish signal.

However, XRP’s situation appears more favorable, as the indicator remains positive. This positivity suggests that long-term holders are in profit, reinforcing the asset’s stability.

These long-term investors, often considered the backbone of any cryptocurrency, are critical to XRP’s recovery. Their confidence and continued support will be essential in helping the altcoin regain lost ground. This stable base of holders suggests that XRP could have the backing needed to reverse its recent crash.

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In addition to market sentiment, technical indicators are also showing signs of a potential increase. XRP’s Relative Strength Index (RSI) has shown a slight uptick over the last 48 hours, signaling that bearish momentum is weakening. This is a crucial development, as diminishing bearish pressure may pave the way for bullish momentum to build.

The RSI’s movement is particularly important for XRP because it indicates the market is gradually shifting from a bearish stance. If this momentum sustains, it could help trigger a price rebound, allowing XRP to begin recovering from its recent losses.

XRP Price Prediction: Resistances in Sight

XRP is currently trading at $0.53, following its 18% decline. The altcoin has bounced off the support at the 38.2% Fibonacci Retracement line, which coincides with the $0.52 level. This support level is crucial for maintaining upward momentum, and XRP could continue its increase from here.

The next key target for XRP is the $0.55 mark, which aligns with the 50% Fibonacci Retracement line. Breaching this level would open the door for a rise toward $0.59.

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However, if XRP fails to break past $0.55, the bullish outlook will be invalidated. This could lead to a period of consolidation between $0.55 and $0.52, delaying any significant recovery in the near term.