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#TON Active looks set for a long
The coin is actively testing resistance at $3.5, which we should soon overcome and continue to develop the upward momentum.
I think TON can easily return above $4, and potentially even hit the $5 mark, which would be a 40% pure move.
Trading volumes are at a relatively low level and were not enough to fully move above this moving average
The weekend has arrived and we will probably see trading around $116`k. We have a positive point regarding dominance; the indicator is almost at 60% and is ready to go lower
#BTC Slowed Down a Bit in Dynamics
Good morning, friends. The asset has tried to break through the MA200 moving average several times, but has not succeeded due to weak buyer activity.
This is even despite extreme sell-offs of the asset - for example, on August 1st, $335,000,000 worth of ETH was sold in two minutes across all crypto exchanges.
All the selling volume is being absorbed, and OTC purchases are booming. I still expect ETH above $4000 at a minimum!
ETH ETF outperformed BTC over the past month.
ETH is now taking the lead from BTC. Ethereum ETFs remain hot: July saw a net inflow of $5.43 billion, with only one day of net outflows during the 31 days of the month.
I think the correction is definitely over now, and in the coming days we will gradually return to the sideways trend.
Dominance has begun to decline slightly and is gradually falling below 62%, and against this background, altcoins are also slowly recovering.
#BTC Continues to Recover Bit by Bit
The asset is slowly but surely moving into a long position. We've started a work week during which I expect Bitcoin to continue to grow.
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