Toncoin Expected to Surge 65% in Next 43 Days According to Analysis
The cryptocurrency market is seeing increased activity in early 2025, with Toncoin (TON) gaining attention following an analysis by CryptoQuant analyst Burak Kesmeci.
Key Insights
- The 90-day percent return metric for TON indicates the start of an uptrend, suggesting potential for a sustained rally.
- Historical data shows that past reversals in this metric have led to significant gains, including:
- A 65% increase from $1.72 in August 2023 over 70 days
- A 258% surge in February 2024 within 43 days
- A 32% rise in November 2024 in just 11 days
- Current trends indicate an expected median gain of 65% over the next 43 days if historical patterns hold.
- Market conditions and overall sentiment may affect the trend's trajectory.
Toncoin Market Performance
- Since the start of the year, Toncoin has faced consistent declines, dropping nearly 12% in the past two weeks.
- As of today, TON trades below $6, marking a 7.5% decline in the last 24 hours.
- Despite the price drop, daily trading volume has increased from $200 million to approximately $344 million in the past week.
