Toncoin [TON] has been on an impressive rally, surging by 66% in just three weeks after hitting a low of $2.35 earlier in March. This strong recovery has propelled TON into a bullish market structure on the 1-day chart, indicating that there could be further gains in store for the token.
One interesting aspect of Toncoin’s recent price movement is its low correlation with major crypto assets over the past month. According to data from IntoTheBlock, TON has shown a +0.53 30-day price correlation with Shiba Inu [SHIB] and a +0.23 correlation with Bitcoin [BTC]. This lack of correlation suggests that Toncoin is charting its own course independently of other popular tokens.
The lack of correlation with Bitcoin is particularly encouraging for TON bulls, as it indicates that the token is not tethered to BTC’s movements. This could mean that TON’s bullish momentum could continue even if Bitcoin were to see a dip.
Looking at the in/out of the money around price for Toncoin, it is evident that there is strong support around the $3.83-$3.94 region, where 673 million TON has been purchased. This level has attracted buyers who are currently in profit, which could act as a strong support zone in case of a retest.
On the upside, the resistance levels for Toncoin appear to be concentrated around the $4.42-$4.54 area, suggesting that breaking through this zone could pave the way for further gains towards $4.5 and $4.8.
The network activity for Toncoin has been on the rise in March, with the daily active addresses’ 30-day moving average showing an uptrend. This increased activity and demand for TON have been reflected in the token’s price rally.
Despite some profit-taking by holders after the recent surge, the overall bullish market structure for Toncoin remains intact. The OBV indicator has surged higher, indicating strong buying pressure and potential for further gains in the coming weeks.
In conclusion, Toncoin’s impressive recovery and bullish market structure suggest that the token could push beyond $4 soon. With strong support levels below and resistance levels above, TON seems well-positioned for continued upward momentum in the near future. The Benefits of Regular Exercise
Regular exercise is not only good for your physical health, but it also has numerous benefits for your mental and emotional well-being. From improving your mood to boosting your energy levels, there are countless reasons why incorporating exercise into your daily routine is essential for overall health and well-being.
One of the most significant benefits of regular exercise is its ability to improve cardiovascular health. By engaging in activities such as running, cycling, or swimming, you can strengthen your heart and improve circulation, reducing the risk of heart disease and stroke. Regular exercise can also help lower blood pressure and cholesterol levels, further reducing the risk of developing cardiovascular conditions.
Exercise is also crucial for maintaining a healthy weight and preventing obesity. By burning calories through physical activity, you can create a calorie deficit that can help you lose weight or maintain a healthy weight. In addition to weight management, exercise can also help build muscle mass, increase metabolism, and improve overall body composition.
Beyond the physical benefits, exercise has a significant impact on mental health as well. Physical activity releases endorphins, which are neurotransmitters that act as natural painkillers and mood elevators. This can help reduce feelings of stress, anxiety, and depression, leading to an overall improvement in mental well-being. Regular exercise has also been shown to improve cognitive function, memory, and concentration, making it an essential part of a healthy lifestyle.
In addition to improving physical and mental health, exercise can also have a positive impact on emotional well-being. Engaging in regular physical activity can boost self-esteem, confidence, and self-image, leading to a more positive outlook on life. Exercise can also provide a sense of accomplishment and empowerment, helping individuals overcome challenges and obstacles in their daily lives.
Overall, the benefits of regular exercise are vast and far-reaching. From improving cardiovascular health to boosting mood and energy levels, incorporating physical activity into your daily routine is essential for overall health and well-being. Whether you prefer running, cycling, swimming, or yoga, finding a form of exercise that you enjoy and can stick with is key to reaping the many benefits that regular exercise has to offer. So, lace up your sneakers, grab your yoga mat, or hit the gym – your body and mind will thank you for it!