Push Protocol presyoPUSH

After hitting a monthly low of $4.7, Toncoin [TON] shows signs of recovery. Over the past four days, Ton has experienced sustained gains, hitting a high of $5.66. In fact, as of this writing, Toncoin was trading at $5.64. This marked a 3.41% increase on daily charts. The current market conditions have left analysts seeing a potential price recovery. Inasmuch, Cryptoquant analysis of the Sharpe ratio shows that TON is transitioning into a recovery phase. Is Toncoin set for recovery? According to Cryptoquant analyst Shiven Moodley, the Toncoin Sharpe ratio has recently declined from its yearly peak. This dip signals a moderation in risk-adjusted returns as the market stabilizes in anticipation of a potential Altseason. This stability reflects a market transitioning from a sustained downturn into a recovery phase. Under this shift, both long-term holders and short-term traders actively capitalize on the renewed market interest and optimism. Therefore, the Sharpe ratio shows a buying opportunity for long-term investors seeking to leverage Ton’s market resilience and growth potential. The potential market recovery is further evidenced by the Open interest and funding rate. With these two metrics rising, it shows increasing participation within the Ton ecosystem which is essential for a market recovery. Essentially, Ton’s seeing a strongly balanced funding rate further reinforces our analysis that both long and short positions are well balanced indicating market stability and equilibrium. What Ton charts suggest As observed above, the prevailing market conditions show that Ton is currently set for a price recovery. For example, Toncoin’s adjusted price DAA divergence has consistently remained positive over the past week. This shift reflects a healthy usage of the network with rising on-chain activities especially active addresses and transactions. Therefore, more active addresses indicate higher demand, greater transaction volume, and rising interest for Ton. Thus market sentiments and on-chain fundamentals align with a potential price increase. We can see this growth in on-chain activity with the surge in the number of large transactions. This has risen from 1.01k to 1.94k. This marked a 92.08% change over the past 24 hours. With whale activity surging it implies that the market is preparing for further growth. With the Sharpe ratio signaling a buying opportunity and fundamentals strengthening, Toncoin seems set for a recovery. Therefore, if the positive sentiment holds, we could see Ton reclaim $5.8. A breakout from here will push Ton to $6.4. Subsequently, if the current trend fails to hold, the altcoin can dip to $5.2.$TON

Good morning! Strong push from #altcoins yesterday - let's see if we can keep that up today 🫡

$BTC Update:- Bitcoin's price action is at a critical juncture as we approach the US market open. The chart suggests a potential bounce in the next few hours; however, two scenarios may unfold if this bounce fails to materialize. Scenario 1: Bullish Continuation - A push beyond the 0.382 Fibonacci level (~$91,895.5) could pave the way for a retest of higher levels, targeting $98,190.1 and eventually $108,365.0. - This scenario aligns with the overall trend and could be driven by positive market momentum. Scenario 2: Deeper Retracement - If the .382 support zone is broken, BTC could slide toward the next critical level at $72,746.0 (0.786 Fibonacci retracement). - This scenario would likely trigger increased bearish sentiment, but it could present a potential buying opportunity for long-term traders. - The 200 MA (blue line) will act as a key dynamic support in this case. Key Observations : - BTC has already broken below all major EMAs in LTF, and even 200EMA has been broken. BTC needs to close the daily above 96k to maintain some hope for reversal. - The RSI is currently oversold, signalling a potential short-term reversal. - Traders should monitor price action closely during the US session for confirmation of either scenario. Stay vigilant, and as always, practice proper risk management in your trades. Do hit that like button if my updates are helping you in any way. #Crypto

Ripple [XRP] finds itself at a crucial crossroads as 2024 draws to a close. With the altcoin market set to ride Bitcoin’s momentum and break new psychological barriers in 2025, now might be the time to take action if you’re “long” on XRP and want to see it outpace its rivals – just like the whales are doing. This back-and-forth has already made a noticeable impact on XRP’s price – leaving it in a state of uncertainty as it braces for its next big move – whether up or down. Ten days ago, XRP came nearly close to breaching the critical psychological threshold of $3, fueled by an impressive 19% single-day surge. However, as of now, XRP is trading at $2.30. This dip is part of a broader trend, as many cryptocurrencies are in the red, and investors are weighing their options – should they trim their holdings or take advantage of the lower prices to buy more? Ripple is no exception. Its 1-day price chart reveals bulls working hard to fend off a deeper pullback, while bears remain steadfast. For HODLers, the continued support from whales offers a much-needed sense of security. This support creates a strong base for XRP to rebound when the market shifts bullish once again. And when will that happen? It’s likely tied to the performance of Bitcoin, the coin with a trillion-dollar market cap, or the upcoming FOMC meeting, where investors are betting on a 25 basis points rate cut. Either way, this strong foundation might be exactly what XRP needs to set its sights on the $3 milestone in the short term. The fact that big wallets are accumulating XRP adds weight to this trend, but will it be enough to push XRP over the edge?

The push from devs to release before the holidays is palpable, you can even smell it in the air Of course after they manage to deliver their code the burden goes to the security auditors✌️Time for some stress in the next 10 days, have a good one