Is Toncoin Building a Foundation for a Long-Term Comeback? Analyst Weighs In
Toncoin (TON) continues to face a challenging market environment, struggling to reverse its recent downward trajectory. Trading below the $4 mark, the asset’s price performance over the past weeks has remained largely in the red. Amid these conditions, CryptoQuant contributor Darkfost has shed light on some underlying trends, highlighting that long-term investors are still seeing…
Key Metrics Indicate Toncoin Accumulation Continues Despite Price Struggle
After a steady decline, Toncoin (TON) has seen a slight price increase over the past day, rising by 1.7% to $3.85. This movement comes amidst ongoing discussions about its longer-term performance and accumulation trends. According to an analysis by CryptoQuant analyst Shiven Moodley, there are indications that TON holders are positioning for a potential rebound.…
Analyst Says Toncoin (TON) May Be Primed for Major Recovery—Here’s Why
Toncoin (TON) has faced a prolonged downturn, struggling to regain upward momentum after a tough week. Although it recently recorded a slight daily gain, the asset remains trapped in bearish territory, trading below the $4 mark. Despite this challenging price performance, analysts suggest that Toncoin may be nearing a significant accumulation phase. Key Metrics Indicate…
Toncoin (TON) Investors Sitting On 54% Profit Despite Price Plunge
On-chain data shows the Toncoin investors are holding a significant amount of unrealized profit even after the recent bearish action in the asset’s price. Toncoin Is Still Trading A Notable Distance Above Its Realized Price In a new Realized Price,” which tells us, in short, the cost basis of the average investor on the TON…
Is Toncoin Set for a Comeback? Key Market Signals Point to a Possible Rebound
While the broader cryptocurrency market appears to be gradually recovering, Toncoin (TON) has yet to join the upward trend. Over the past week, TON has faced significant challenges, seeing its price dip by 5.4%. Amid this price performance, a CryptoQuant analyst has highlighted signs of a potential reversal, especially as recent data sheds light on…
Is Toncoin Price Gearing For A Rebound At $5? This On-Chain Metric Suggests So
The cryptocurrency market was in a somewhat uncertain phase over the past week following the inauguration of Donald Trump as President of the United States. This uncertainty is demonstrated by the diverse performance of various assets in the market. The Toncoin price, for instance, experienced an almost 9% price decline in the last seven days,…
Toncoin Stabilizes Above $5: Is Now The Time To Buy TON?
Toncoin (TON) has shown signs of recovery, trading above $5.5 after experiencing price declines in recent weeks. This rebound has not only boosted TON’s market capitalization by some millions but also brought investors to ponder on Toncoin’s potential for a sustained rally. Particularly, as the TON market stabilizes so far, questions about investor sentiment and…
Toncoin Price Recovery Continues — Is The Dwindling Staking TVL Ratio Bullish?
The Toncoin price recovery has been one of the few bright spots in the cryptocurrency market over the past week. The climate of the broad market has been sluggish in the festive period, with the two largest assets Bitcoin and Ethereum struggling to make a mark. With the Toncoin price now approaching the $6 mark,…
Toncoin Signals Accumulation Phase as Open Interest Hits Nine-Month Low – What’s Next?
Toncoin (TON) appears to have now entered a notable phase in its market cycle, presenting potential opportunities for investors. A recent analysis by CryptoQuant analyst Joao Wedson highlights that TON has moved into a favorable risk zone for accumulation, as indicated by the Normalized Risk Metric (NMR). This metric evaluates an asset’s price risk relative…
Toncoin Price Heat Map Reveals $20 Target – Analyst
Prominent altcoin Toncoin (TON) was not left out of the widespread crypto decline in the last week. According to data from CoinMarketCap, the price of Toncoin dipped by 14.71% over the past seven days falling from a consolidation range between $6.2-$6.5. However, this market downturn does not deter market experts’ bullishness on TON especially with…