Key Takeaways
- Avalanche (AVAX) sustains recovery with bullish MACD and MFI indicators signaling upward momentum.
- Toncoin (TON) reflects positive sentiment with intraday gains and expanding ecosystem activity.
- Both AVAX and TON witness a 100%+ surge in active addresses over the past month, indicating heightened network engagement.
Market Overview: AVAX and TON Gain Momentum
The cryptocurrency market edged higher mid-week, with Avalanche (AVAX) and Toncoin (TON) leading altcoin recoveries. As of the latest data:
- AVAX trades at $17.59, up 3% daily.
- TON hovers at $2.82, marking a 1% increase.
👉 Discover real-time crypto trends
Network Activity Surge: A Bullish Indicator
Avalanche (AVAX) Metrics
- Active addresses grew 51% in 30 days, from 192,000 (May 27) to 392,000 (June 28).
- New addresses peaked at 199,000 (June 25), stabilizing at 85,000 by month-end.
Toncoin (TON) Metrics
- Active addresses doubled from 365,000 (June 2) to 750,000.
- New addresses surged 81%, from 133,000 to 241,000.
This spike in activity suggests:
- Increased utility for transactions, staking, and DeFi applications.
- Growing speculative interest as traders anticipate price rallies.
- Network resilience, supported by ecosystem developments.
Technical Analysis: Bullish Breakout Ahead?
Avalanche (AVAX)
- MACD confirms a buy signal (blue line above red signal line).
Key resistance levels:
- $19.61 (50-day EMA)
- $21.07 (100-day EMA)
- $23.74 (200-day EMA)
Toncoin (TON)
- RSI rebounds from oversold levels (32 to 42), hinting at upward momentum.
Critical EMAs to watch:
- $3.02 (50-day)
- $3.22 (100-day)
- $3.69 (200-day)
Support levels:
- $2.60 (June 22 low)
- $2.43 (March trough)
FAQs: Understanding Cryptocurrency Metrics
1. What drives the surge in active addresses?
Increased network usage, DeFi adoption, and speculative trading contribute to higher active addresses.
2. How does MACD indicate bullish trends?
A MACD crossover (blue line above red) signals potential upward momentum, prompting trader buy-ins.
3. Why is RSI important for Toncoin?
An RSI rebound from oversold (<30) suggests weakening selling pressure and possible price recovery.
4. Can AVAX break its EMAs?
A sustained volume surge and network growth could propel AVAX past key EMA resistances.
5. What risks do TON traders face?
TON must overcome EMA resistances; failure may lead to retests of $2.60 support.
6. How do funding rates impact perpetual contracts?
Positive rates mean longs pay shorts, aligning perpetual prices with spot markets.
Conclusion
Avalanche and Toncoin exhibit strong bullish signals, backed by doubled active addresses and positive technical indicators. While AVAX eyes EMA breakouts, TON must consolidate above key supports. Traders should monitor volume and network metrics for confirmation of sustained uptrends.
Disclaimer: This analysis is for informational purposes only. Cryptocurrency investments carry risks; conduct independent research before trading.
### SEO Keywords:
- Avalanche price prediction
- Toncoin technical analysis
- AVAX active addresses
- TON network growth
- Cryptocurrency market trends
- Bullish MACD signals