The crypto market witnessed a slight downtick during Wednesday’s U.S. market session as Bitcoin’s price reverted to $72,000. While this downturn has stalled recovery in the altcoin market, crypto analysts reveal a suitable DCA strategy for the Toncoin price before a major reversal.
With the crypto market today, the TON price had traded at $4.9, with an intraday loss of 0.76%. According to Coingecko, TON’s market cap was held at $12.6 Billion, while the 24-hour trading volume surged to $350.1 Million.
Analyst Suggests DCA Strategy as Toncoin Eyes $10 High
In a recent tweet, the crypto analyst Burakkesmeci highlights a suitable buying opportunity for long-term buyers utilizing the Toncoin Price Heat Map. This tool incorporates the one-year moving average and multipliers to identify TON’s critical support levels.
Historical data shows the Toncoin price has dipped below this average during the bear markets. However, as if we are currently in a bull cycle, the current dip could provide a favorable risk/reward scenario.
According to this model, if TON’s price reaches the Sigma8 level, it could offer a significant profit margin due to the relatively low volatility and “cool” zone status on the Heat Map. This environment is ideal for Dollar-Cost Averaging (DCA), allowing investors to accumulate TON at a lower risk threshold.
TON Price Heat Map
Thus, a potential reversal will recuperate the bullish momentum and drive Toncoin price rally to $10 psychological level.
$10M Telegram Growth Hub Targets TON Blockchain Development
OKX Ventures, The Open Platform, and Folius Ventures have recently announced their partnership to launch a $10 million “Telegram Growth Hub” to foster innovation within the Telegram ecosystem.
This initiative focuses on three major areas— user onboarding and educational tools, trading capabilities, and expansion of the mini-app ecosystem. The Successful applicants will only gain financial backing but also technical support, mentorship, and access to resources from OKX, TOP, and Folius Venture.
This development bolstering creative and scalable solutions on the TON blockchain could directly impact the demand for Toncoin.
The post Analyst Predicts Ideal DCA Strategy Before Toncoin Price Hits $10 appeared first on CoinGape.