Toncoin (TON) has faced a prolonged downturn, struggling to regain upward momentum after a tough week. Although it recently recorded a slight daily gain, the asset remains trapped in bearish territory, trading below the $4 mark. Despite this challenging price performance, analysts suggest that Toncoin may be nearing a significant accumulation phase. Related Reading: New Data Suggests Toncoin (TON) Might Be Undervalued—Here’s What It Means Key Metrics Indicate Potential Recovery Amid these market conditions, a CryptoQuant contributor, Crazzyblockk, recently shared a detailed outlook on TON. In a post titled “TON Enters Key Buy Zone – A Prime Opportunity,” the analyst outlined key findings from the Ton Price Models. These models indicate that Toncoin has reached the 0.6x 250-day moving average bottom zone—historically considered a strong accumulation level. Crazzyblockk notes that this data-driven model suggests TON is undervalued, presenting a potential buying opportunity for long-term investors. Notably, the Ton Price Models leverage historical data to identify oversold conditions and potential entry points. According to Crazzyblockk, assets trading near 0.6x–0.8x of their 250-day moving average often signal strong buy conditions. Historically, these levels have served as ideal accumulation zones before major market upturns. The analyst emphasized that TON’s current price position aligns with previous setups that have led to significant price recoveries, making it a promising target for data-driven investment strategies. Toncoin Price Performance And Outlook Meanwhile, Toncoin’s price on the higher time frame has continued to demonstrate a bearish move. In the past two weeks alone, this metric has fallen by a double-digit of 23.4% and roughly a 54.3% decrease away from its all-time high of $8.25 registered in June 2024. However zooming in, TON has shown resilience recording a slight increase of 2.8% in the past day. This uptick although little has been able to push TON’s price above $3.8 nearing the $4 mark. Interestingly, while TON’s price has risen today, its daily trading volume is notably lower compared to last Friday, when the asset was trading at a similar price level. Last Friday, TON’s trading volume exceeded $214 million. However, as of today, it has decreased to $161.2 million. One possible explanation for this drop in trading volume could be a shift in investor behavior, with some market participants holding their positions rather than actively trading, potentially in anticipation of continued price appreciation. Speaking of price appreciation, a renowned crypto analyst known as Ali on X has recently shared an interesting analysis on Toncoin using the TD Sequential indicator. Related Reading: Is Toncoin Set for a Comeback? Key Market Signals Point to a Possible Rebound This indicator is a tool that helps identify potential trend reversals and exhaustion points in price movements. It works by counting a series of consecutive price bars that close higher (in an uptrend) or lower (in a downtrend) than previous bars, forming a sequential count. Once the count reaches a certain number—often 9 or 13—the indicator suggests that the prevailing trend may be losing momentum and could reverse or pause. According to Ali, TON is on the verge of a rebound based on this tool. #Toncoin $TON is showing signs of a potential rebound as the TD Sequential indicator flashes a buy signal on the weekly chart! pic.twitter.com/nRtabmxjxQ — Ali (@ali_charts) February 14, 2025 Featured image created with DALL-E, Chart from TradingView
Toncoin (TON), which once saw significant hype leading to consistent new highs, has struggled to regain upward momentum. After a series of steady declines in the past week, the asset’s price has now slipped below the $4 mark, leaving investors concerned about its near-term potential. This prolonged downtrend has caused speculation about whether TON might be approaching a crucial turning point that could result in a major reversal in price. Related Reading: Is Toncoin Set for a Comeback? Key Market Signals Point to a Possible Rebound TON’s NMR Hits Rock Bottom: A Golden Opportunity for Investors? Amid the bearish trend, Joao Wedson, a contributor on CryptoQuant’s QuickTake Platform, recently highlighted some intriguing insights. In a recent post, titled “TON Reaches NMR Lows: A Signal for Medium- to Long-Term Accumulation,” Wedson explained that the Normalized Metric Risk (NMR) for TON has hit its lowest levels yet. This indicator assesses the asset’s valuation by comparing its current price against weighted moving averages, including 50-day and 374-day averages. By factoring in logarithmic differences and time-weighted adjustments, the NMR offers a deeper perspective on TON’s market standing. Wedson’s analysis suggests that TON’s current low valuation phase could present a potential opportunity for investors. According to his findings, the NMR’s historic low levels indicate that the token might be undervalued. TON Reaches NMR Lows: A Signal for Medium to Long-Term Accumulation “This indicator, which evaluates the relationship between the current price and weighted moving averages… reveals that the TON token is in a historically low valuation phase.” – By @joao_wedson pic.twitter.com/P8ckhnSFck — CryptoQuant.com (@cryptoquant_com) February 11, 2025 For those who adopt a medium- to long-term investment horizon, this may be an opportune moment to begin accumulating TON, with the expectation that its price will appreciate over time. However, it’s worth noting that such a strategy is not without risks. While historically low valuation metrics may hint at future growth, the broader market conditions and TON’s overall adoption will play critical roles in determining whether this approach pays off. Toncoin Price Performance And Outlook Meanwhile, Toncoin is currently trading at $3.78—this market price marks not only a 1.1% decline for Toncoin in the past 24 hours but also adds to the prolonged bearish trend in TON in recent weeks marking a 22.5% drop in TON price over the past two weeks. Notably, so far, TON has fallen roughly 54% from its all-time high of $8.25 registered in January last year. Interestingly, despite this bearishness, another CryptoQuant analyst known as Darkfost has highlighted a bullish indicator for TON. Related Reading: Toncoin Stabilizes Above $5: Is Now The Time To Buy TON? According to Darkfost, TON’s risk appetite has soared, “signaling an influx of liquidity into the TON ecosystem.” ???? Risk Appetite Soars Among $TON Speculators ???? We are currently witnessing a historic high in risky investments, such as derivatives, options, and lending, on TonCoin. This suggests that speculative investors have increased their risk exposure to TON following the recent… pic.twitter.com/HCQ1va4VOV — Darkfost (@Darkfost_Coc) February 11, 2025 Featured image created with DALL-E, Chart from TradingView