Toncoin Set for Explosive Price Surge as Key Indicator Turns Bullish!

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As a crypto investor, I’ve been closely watching Toncoin (TON), and a recent analysis by CryptoQuant has piqued my interest. They suggest that TON could be on the brink of a substantial price increase. A crucial indicator points towards TON entering a low-risk phase, potentially offering a strategic opportunity for smart accumulation, as stated in their latest tweet.

For Token (TON), the Normalized Risk Metric (NRM) is tending towards the ‘safe’ or ‘blue’ zone, considering both the short-term and long-term outlooks. This metric is calculated by evaluating the current price against exponential moving averages, specifically the Simple Moving Averages (SMA) for 50 and 374 days. These averages are then fine-tuned to account for potential risk fluctuations using logarithmic adjustments.

If the Normalized Risk Metric (NRM) changes to blue, it could signal that the asset is in a favorable range for buying. In such ranges, the market often enters an accumulation phase, which typically leads to substantial price increases. This implies a relatively safe period, and based on past trends and observed patterns, these low-risk phases tend to precede new upward price trends.

Looking ahead, TON could be moving into a safer stage with minimal risks. Those who take advantage of this time might see substantial gains when the price spikes next. – by @joao_wedson

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— CryptoQuant.com (@cryptoquant_com) January 16, 2025

It appears that positive signals are emerging for Toncoin, as suggested by recent data. A notable point from a recent report by CryptoQuant is the rise in the New Adoption Rate for the TON blockchain, which means an influx of new users to the network. This increase corresponds to more first-time transactions being made via new addresses, suggesting that the TON ecosystem is expanding and drawing in new users on a daily basis.

TON price action

Since the end of August, Toncoin has seen a wide fluctuation in its trading. In late November, bulls managed to spark a significant price rise, pushing Toncoin up to around $7.20 by early December. However, the price subsequently dropped, causing Toncoin to revert back to its initial trading range.

Currently, TON has increased by 1.93% over the past day, reaching $5.63. This rise mirrors the overall bounce back of the cryptocurrency market after a substantial decline earlier this week.

Toncoin started climbing upward following its lowest point at $4.99 on January 13, and it has been trending positively for three out of the last four days since then.

Advancing higher, surpassing the daily Simple Moving Average (SMA) 50 at approximately $5.883 could initiate a new uptrend for Toncoin. Potential price levels to aim for include $6 and $7, with possibilities of reaching even higher values.

In the case of a price drop, it’s expected that support will be found between $4.50 and $5. Additionally, the Daily Relative Strength Index (RSI) being close to the middle indicates that Token (TON) might temporarily stabilize or consolidate before making its next significant move.

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2025-01-17 18:54