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Cryptocurrency News Articles

Solana (SOL), Toncoin (TON), and Other Cryptos See Market Activity Surge as Investors Eye Accumulation Phase

Nov 21, 2024 at 11:15 pm

Significant developments are unfolding in the cryptocurrency market as transaction volumes rise for major digital assets. ChangeNOW, a platform enabling crypto exchanges without registration, reports a surge in activity involving specific coins. This trend suggests that savvy investors and large stakeholders concerned about fund safety are entering an accumulation phase, indicating these cryptocurrencies may experience future growth.

Solana (SOL), Toncoin (TON), and Other Cryptos See Market Activity Surge as Investors Eye Accumulation Phase

Major digital asset transaction volumes are surging, and a platform that allows crypto exchanges without registration, ChangeNOW, has reported a surge in activity involving specific coins. This trend suggests that savvy investors and large stakeholders, concerned about fund safety, are entering an accumulation phase, indicating these cryptocurrencies may experience future growth.

Solana (SOL) has been on a steady climb, with its price increasing by nearly 12% in the past week and over 40% this month. The cryptocurrency is currently trading between $210 and $250, approaching its nearest resistance level at about $270. If the bullish trend continues, Solana could test the next resistance around $310, marking a significant gain from current prices. The 10-day and 100-day simple moving averages are aligned near $235, supporting this upward movement. In the meantime, the Relative Strength Index sits just below 50, indicating room for growth, and market sentiment appears optimistic. Given these trends, some may see this as a favorable time to consider Solana, which is available on ChangeNOW without registration or hidden fees.

Toncoin (TON) is currently trading between $5.03 and $5.78. Over the past week, it has seen a slight decline of about 2%, with its Relative Strength Index around 38, hinting it may be approaching oversold territory. The nearest support level is at $4.68, which could limit further downside. On the upside, the first resistance level at $6.18 suggests room for potential growth. If TON moves toward this resistance, it could see a double-digit percentage increase. The current technical indicators may interest those keeping an eye on TON. Toncoin is available on platforms like ChangeNOW, where it can be purchased without registration and no hidden fees.

Investors and traders may find unique opportunities with SOL, XRP, and ADA, each offering distinct advantages in the cryptocurrency market. For those considering transactions with these coins, ChangeNOW provides an excellent platform. It enables users to exchange, buy, or sell without hidden fees and without the need for registration. This enhances security by not storing user funds. ChangeNOW supports over 900 cryptocurrencies and imposes no limits on transaction volumes. Additionally, it offers the option to purchase crypto using a bank card.

News source:coinedition.com

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