Toncoin Price Increases 1.7% Amid Signs of Accumulation
Toncoin (TON) has increased by 1.7% to $3.85 after a period of decline. Analysts suggest holders are preparing for a rebound, indicating potential accumulation despite recent price trends.
Key Insights on Toncoin
- The 180-day Sharpe Ratio indicates an accumulation phase.
- Stable Total Value Locked (TVL) in lending protocols and reduced speculative trading support this view.
- Decreased volatility may suggest diminishing selling pressure.
- Normalized Risk Metric (NRM) highlights accumulation at approximately $3.82.
- Record lows in Long-Term NRM indicate long-term holders are accumulating TON.
Analyst Shiven Moodley noted that the current environment could favor long-term accumulation traders while risk metrics show low-risk conditions.
On-Chain Metrics Indicate Long-Term Potential
- Risk Exposure Ratio has reached over 0.24, indicating increased leveraged activity.
- A declining ratio may signal market stabilization.
- Probability of Spend metric shows coins older than 400 days are likely not moving, reflecting strong conviction among long-term holders.
- Short- to medium-term holders appear to be exiting, while long-term holders remain steady.
If selling pressure continues to ease, TON may benefit from macroeconomic shifts that could enhance its value.
