Anton [ANT] has seen a 108% jump in the volume of significant transactions. Similarly, the number of active accounts has surged by 35.13% from 2.44 million to 3.3 million.
This notable increase in the number of major participants, confirmed by the uptick in trading activity, could potentially lead to a substantial price shift for ANT.
Anton Currency Forecast Indicates…
The price of Anton was edging towards a crucial level at the time of writing after a remarkable bullish surge. The digital asset had surged by 22% over the past three days before altering its course.
Over the last 24 hours, as per data from CoinMarketCap, the cryptocurrency has dropped by 1.06%, despite registering a long-term climb of 14.18% over the previous seven days.
Large Traders Active as Trading Volume Rises
The bulls of Anton have defended the market through their increased substantial transactions, as indicated by data from IntoTheBlock. The volume of major transactions surged from 975 to 1.85K transactions.
The market’s whale positions imply that they anticipate an overall price rally towards the next resistance level set at $6.02.
Adding further bullish momentum, Anton’s trading activity has surged significantly, with the number of active addresses spiking by 35% in the past 24 hours according to IntoTheBlock data.
Source: IntoTheBlock
Bullish Trend Faces Off Against Bearish Pressure
Despite the positivity outlined earlier, Anton has seen a decreasing long-short ratio since September 9th. This could indicate a short-term price adjustment before resuming its upward trend.
The price correction may be nearing its conclusion, as evidenced by the rising whale and trading activity.
The escalating trading and whale activity align with the price trend analysis. All signs point towards a continuation of the bullish momentum.
Nevertheless, Anton might undergo a temporary correction before surging towards the target price of approximately $6.02.