Analyst Indicates Toncoin Approaches Significant Accumulation Phase
Toncoin (TON) is currently experiencing a downturn, trading below the $4 mark despite a slight daily gain. Analysts suggest it may be approaching an accumulation phase.
Key Metrics Indicate Potential Recovery
Insights from analyst Crazzyblockk indicate:
- Toncoin has reached the 0.6x 250-day moving average bottom zone, historically a strong accumulation level.
- The current price suggests TON may be undervalued, presenting a potential buying opportunity.
- Assets near 0.6x–0.8x of their 250-day moving average often signal strong buy conditions.
Historically, these levels have led to significant price recoveries, making TON a target for data-driven strategies.
Toncoin Price Performance and Outlook
In the last two weeks, Toncoin's price has dropped by 23.4%, down 54.3% from its all-time high of $8.25 in June 2024. However, it recently recorded a 2.8% increase, pushing its price above $3.8.
Despite the price rise, daily trading volume decreased from over $214 million last Friday to $161.2 million today, indicating a possible shift in investor behavior.
Analyst Ali reported positive signs using the TD Sequential indicator, which suggests TON might be on the verge of a rebound.
#Toncoin $TON is showing signs of a potential rebound as the TD Sequential indicator flashes a buy signal on the weekly chart! pic.twitter.com/nRtabmxjxQ
— Ali (@ali_charts) February 14, 2025