Toncoin Price May Be Positioned for Rebound as Risk Metric Declines
The cryptocurrency market has shown uncertainty following Donald Trump's inauguration as President of the United States, impacting various assets differently.
- Toncoin's price declined by nearly 9% over the past week.
- On-chain data suggests a potential price rebound for Toncoin after recent declines.
- The Normalized Risk metric (NRM) indicates that Toncoin is approaching low-risk territory, historically correlated with local price bottoms.
- Current NRM value is closer to zero, suggesting lower risk.
- Toncoin's price stands at approximately $5.08, with a slight increase of 0.7% in the last 24 hours.
- Over the past month, Toncoin's value has decreased by nearly 15%, struggling to break above the $6 mark.
