Toncoin (TON) on Verge of Major Price Move as Indicator Flashes Green

News Fri, 17/01/2025 - 15:37 A A A Cover image via www.freepik.com Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available. Read U.TODAY on Google News Toncoin (TON) could be on the verge of a significant price surge, according to a recent analysis by CryptoQuant. A key indicator is signaling that TON is entering a low-risk phase, which might present an opportunity for strategic accumulation, CryptoQuant stated in its recent tweet. Advertisement The Normalized Risk Metric (NRM) for TON, both in the medium and long term, is approaching the blue zone. This metric is calculated by comparing the current price with exponential moving averages (SMA 50 and SMA 374 days), which are then adjusted for risk variations using logarithmic factors. Related Wed, 01/15/2025 - 12:42 Toncoin (TON) Skyrockets 104% in Whale Moves Amid Market Shorts Liquidation Tomiwabold Olajide HOT Stories SpaceX Bitcoin (BTC) Now Holding $700 Million: Details ‘We Are All Satoshi,’ Michael Saylor Says As Bitcoin Approaches $103,000 'Rich Dad Poor Dad' Author Reveals Big Asset Similar to Bitcoin: ‘Supply Low, Demand Up’ Bitcoin Reclaims $102K Amid Speculation About Strategic Reserve When the Normalized Risk Metric (NRM) turns blue, it might indicate that the asset is in an attractive price zone for purchases. In these zones, the market is often in an accumulation phase, which typically precedes significant upward movements. This suggests a low-risk period, and based on historical data and observed patterns, these periods of minimal exposure frequently precede fresh upward price movement. Advertisement TON: Opportunity Ahead! “TON is potentially about to enter a low-risk phase, and those who position themselves well during this period may benefit significantly from the next price surge.” – By @joao_wedson Read more 👇 https://t.co/1icD78u9If pic.twitter.com/LADJoAFZXR — CryptoQuant.com (@cryptoquant_com) January 16, 2025 Other Toncoin metrics are flashing bullish. In a recent report, CryptoQuant highlighted that the New Adoption Rate of the TON blockchain has gone up again as more new users join the network. This represents an increase in the number of new addresses making their first transactions, indicating that the TON ecosystem is growing and attracting new users daily. TON price action Toncoin has been trading in a broad range since late August. Bulls revived a price surge in late November, propelling TON to highs of $7.20 by early December. The price eventually fell, with TON returning to its previous range. Related Thu, 01/09/2025 - 12:07 Toncoin (TON) Skyrockets 94% in Whale Moves Amid $482 Million Market Sell-Off Tomiwabold Olajide At the time of writing, TON was up 1.93% in the last 24 hours to $5.63, reflecting the general crypto market recovery following a significant sell-off earlier in the week. Toncoin began to rise after hitting support at a low of $4.99 on Jan. 13 and is now on track to see three out of four days in the green since then. Moving upward, a decisive break above the daily SMA 50 at $5.883 might kickstart a fresh bullish move for Toncoin, with targets of $6 and $7, or perhaps higher. On the other hand, support lies within the $4.50 and $5 range in the event of a price decline. The daily RSI near the midpoint also suggests that TON might consolidate for a little while in the short term before making its next major move. Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available. #Toncoin News #TON