Toncoin Stabilizes Above $5: Is Now The Time To Buy TON?
17 Gennaio 2025 - 3:00AM
NEWSBTC
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 market risk are coming to the
forefront. Related Reading: Toncoin Could See A 65% Surge In The
Next 43 Days—Here’s Why Is Now The Time To Buy TON A CryptoQuant
Quicktake Platform contributor Darkfost recently analyzed Toncoin’s
market behavior, focusing on the annualized realized volatility
over a one-week period. This metric as shared by the analyst has
dropped below the 0.25 threshold, offering insights into the
prevailing investor sentiment and perceived market risk. While low
volatility is often associated with reduced risk, it may also
indicate waning market interest or growing investor caution.
Notably, the decline in realized volatility is a significant
development, as periods of low volatility have historically been
followed by market reversals. Darkfost emphasized that reduced
volatility often signals diminished investor interest, which can
present both opportunities and challenges for traders. On the one
hand, such periods may highlight reduced market risks, offering
potential entry points for long-term investors. On the other hand,
they require careful analysis, as low volatility alone cannot
guarantee future price movements. Darkfost suggested that
monitoring these low-volatility periods closely, alongside other
indicators, is essential for making informed decisions. Additional
evaluation of broader trends and corroborating signals is necessary
to identify whether these zones represent genuine buying
opportunities. Toncoin Market Performance And Outlook In recent
weeks, TON’s price has shown little movement in either a bullish or
bearish direction. Despite the broader crypto market experiencing a
recent downturn, TON has managed to hold steady above the $5 mark,
avoiding any significant drops below this level. Related Reading:
Toncoin Signals Accumulation Phase as Open Interest Hits Nine-Month
Low – What’s Next? Even as the broader crypto market now begins to
recover, TON has struggled to break past the $5 threshold,
indicating that it may be encountering resistance at this price
point. At the time of writing, TON is trading at $5.22, reflecting
a modest 0.5% increase over the past day. Interestingly, despite
this encountered resistance above $5, TON appears to still be
seeing significant movement behind the scenes. Just yesterday, the
network registered over 100% in large transaction volume reaching
nearly $8.5 billion Toncoin $TON surged 104% in large transaction
volume over the past 24 hours, reaching $8.13 billion, driven by
significant whale activity and $127 million in market-wide shorts
liquidations. Currently trading at $5.39, TON’s spike aligns with a
broader crypto market recovery… pic.twitter.com/7uLTLhz3h6 — ᵇᵉᵃᵗ
(@beatbroker) January 15, 2025 Featured image created with DALL-E,
Chart from TradingView
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