For most of the week, the Toncoin (TON) price remained range-bound at $5. This movement contradicts previous signals that the altcoin’s value would trade much higher.

While TON still has the potential to go beyond the current levels, recent data shows that it could take some time as it could undergo a brief decline before that. Here is how.

Toncoin Flashes Bearish Signs

One key factor that could lead to a further decline in Toncoin’s price is the Daily Active Addresses (DAA) divergence. This metric tracks whether an asset’s price moves in tandem with user activity on its blockchain.

When both price and active addresses rise, it’s considered a buy signal, suggesting the cryptocurrency’s value may climb. Conversely, a drop in user interaction signals potential price weakness.

Data from Santiment shows that TON’s DAA has plummeted by 138.59% in the past 24 hours. This sharp drop suggests that many active users who traded the token yesterday have stepped back, signaling a bearish outlook for the price.

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Another indicator contributing to this decline is Network Growth, which tracks the rate of new user adoption. When network growth increases, it signals a rise in the number of new addresses completing their first successful transactions, suggesting growing traction on the network. Conversely, a decline in network growth indicates a slowdown in this activity.

Regarding price movements, an increase in this metric can often precede a significant price surge. However, in TON’s case, the metric has declined, suggesting that TON may experience a short-term price dip.

TON Price Prediction: Run to $7 Delayed

An assessment of the TON/USD chart shows that the Chaikin Money Flow (CMF) has dropped significantly. The indicator’s primary purpose is to distinguish between periods of accumulation and distribution.

When the CMF is above the zero line, it indicates that the cryptocurrency is experiencing net accumulation. On the other hand, a reading below the zero signal indicates that the distribution is higher.

As seen below, the CMF is down to -0.22, suggesting that Toncoin is facing a high level of selling pressure. Should this continue, TON’s price might fall below the $5.05 support and hit $4.69.

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Meanwhile, if bears halt their momentum, bulls could take advantage of the fatigue. In that scenario, buying pressure might become higher, and TON’s price could climb toward $6 or as high as $7.

Bitcoin’s (BTC) recent price surge, which has seen the cryptocurrency increase by 10% over the past seven days, has placed 95% of its holders in profitable positions. This upward momentum suggests that Bitcoin could be on the verge of hitting a new all-time high.

Currently, the price is close to retesting the  $70,000 mark. This on-chain analysis explains how the coin could climb beyond this level and what it could mean for investors. 

Bitcoin’s Uptober Gets Back on Track

Bitcoin’s price action in October initially raised concerns, as it dropped from $63,000 to below $59,000. This led to doubts about the potential of the traditionally bullish “Uptober.” However, since mid-October, Bitcoin has rebounded, and the positive momentum suggests the possibility of a strong end to the month.

Based on the Global In/Out of Money (GIOM) data, BTC is in a strong position to make further gains. The GIOM identifies the average price at which coins were purchased and compares it with the current price. If the weighted on-chain cost basis is higher than the current price, then addresses are at a loss.

Conversely, if the current price is higher than the purchase price, then addresses are in profits. From a price perspective, the higher the cluster of addresses or volume, the stronger the support or resistance.

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Currently, only 994,100 addresses (holding approximately 630,000 BTC) are in unrealized losses, which is significantly lower than the number of profitable addresses. 

Historically, when the majority of holders are in profit, it often correlates with bullish trends. Therefore, it is likely that the coin might break beyond the average purchase price of $72,500, which is a weak supply wall.

Besides this, the Market Value to Realized Value (MVRV) pricing band, which estimates price levels that cryptos can reach, suggests that Bitcoin price could hit $78,143 sooner than expected.

BTC Price Prediction: Rally to Continue

Bitcoin has broken out of the descending channel it has been trading in since March, according to the daily chart.

The Awesome Oscillator (AO), a tool used to confirm trends by comparing historical and recent price movements, shows an increase. When the AO’s reading is positive, it signals growing momentum, while a decline indicates bearish movement.

Currently, the rising AO suggests that Bitcoin’s bullish momentum remains strong.

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If this momentum holds, Bitcoin’s price could rally by 14.25%, potentially reaching $78,000. However, if selling pressure arises in the short term, the coin’s value may retreat to $62,555.

Artificial intelligence (AI) tokens are making waves, with Humans.ai (HEART), VIRTUAL Protocol, and DIA emerging as the top gainers among AI coins in the third week of October. HEART has surged 88%, while VIRTUAL and DIA are up 76% and 21.67%, respectively.

Each project offers unique contributions to AI and blockchain technology, fueling investor interest. However, chart indicators suggest caution, with key resistance levels and overbought conditions potentially impacting future movements.

Humans AI (HEART)

Humans.ai (HEART) has surged 88% in the past week, positioning itself as the biggest gainer among AI-related coins with a market cap of at least $100 million. The project is building a comprehensive platform for large-scale AI creation and governance.

Chart analysis suggests that HEART could continue its upward trend, as indicated by its EMA (Exponential Moving Average) lines forming a bullish pattern. The next key resistance levels are at $0.026 and $0.031, and breaking through these could see HEART rise further to $0.040, representing a potential doubling in price.

Read more: How To Invest in Artificial Intelligence (AI) Cryptocurrencies?

However, its RSI (Relative Strength Indicator) currently stands at 73.61, indicating that the asset is approaching overbought conditions, which may lead to a correction. In the event of a reversal, HEART has established support around $0.016, and if that level doesn’t hold, it could drop further to supports at $0.010 or even $0.007, which would mean a correction of up to 65% from current levels.

Virtual Protocol (VIRTUAL)

VIRTUAL Protocol (VIRTUAL) has experienced a 76% surge in the past seven days, becoming one of the top gainers among artificial intelligence coins. The project is a decentralized platform that facilitates the development and monetization of AI personas for virtual worlds, including games and metaverses.

Chart analysis indicates that VIRTUAL could sustain its upward momentum, as its EMA lines currently reflect a bullish trend. The next resistance level to watch is at $0.146, suggesting a possible 46% upside.

However, the current RSI of 64.29 signals that VIRTUAL is approaching overbought territory, which may limit further gains or trigger a temporary pullback. In case of a trend reversal, VIRTUAL has solid support at $0.073, which would represent a potential 27% correction from its current price.

DIA

And finally, DIA has risen 21.67% over the last week, showing notable strength in the market. DIA provides cross-chain oracle solutions for the Web3 ecosystem, offering a range of services, including price feeds for digital assets, custom floor price feeds for NFTs, and randomness for DeFi and GameFi applications.

Read more: How Will Artificial Intelligence (AI) Transform Crypto?

Chart analysis suggests that DIA could maintain its upward momentum, as indicated by the bullish alignment of its EMA lines. The next resistance levels are at $1.18 and $1.25. However, the narrowing distance between the EMA lines signals that bullish momentum may be weakening, and caution is warranted as it may hint at an upcoming consolidation or reversal.

Additionally, the RSI for DIA is currently at 59.55, indicating that it is not yet in overbought territory but could be approaching it, suggesting some room for further growth. If the trend turns, DIA has strong support at $0.72 and $0.66, but a break below these could lead to a further decline, potentially down to $0.569, representing a possible 44% price correction.