Toncoin’s Price Drops, But Majority of Holders Remain Profitable

98% of Tron (TRX) Holders Are Profitable

Tron (TRX), the native token of the Tron network, has been one of the top performers in recent weeks. According to IntoTheBlock, over 98% of Tron holders are seeing profits.

The cryptocurrency has seen a 14% increase on the monthly chart, with its market capitalization fluctuating between $10 billion and $15 billion. Despite the bullish momentum surrounding Tron, the 14-day RSI indicates a potential correction ahead, as the token is currently in overbought territory.

Looking ahead, Tron’s value may experience a dip in the coming weeks. The 14-day RSI is above 70, signaling overbought conditions. If prices decline, the token has key support levels at the 50-day SMA ($0.135112) and the 200-day SMA ($0.125951).

Toncoin (TON) Whales Accumulate 13 Million Tokens

Toncoin, the native token of the TON ecosystem, has been on a downward trend since the founder of Telegram was arrested in France. Data from CoinMarketCap shows that the token’s value has dropped by 20% over the past month.

However, information from IntoTheBlock reveals that major TON holders have taken advantage of the price dip to increase their holdings. They have acquired over 13.14 million tokens in the past week alone.

Currently, analysts remain skeptical about Toncoin’s price movements. They believe that continued support for the Telegram founder could generate positive sentiment for the network. If this occurs, Toncoin’s price might rise to $6.59 in the coming weeks.