TON (TON) Weekly Open Interest Delta Peaks, Analysts Anticipate a Price Rebound

Data from CryptoQuant shows that recently Toncoin (TON) weekly Open Interest Delta has peaked up recently. According to historical records, these spikes predate sharp price surges.

Toncoin (TON) price may be preparing for a rebound from current levels, according to recent market observations and historical trends.

Data from CryptoQuant shows that Toncoin’s weekly Open Interest Delta has spiked recently. According to past records, these spikes have preceded sharp surges in the TON price. Analysts are keeping an eye on a potential repeat of this pattern to indicate a price rebound for TON.

Over the past 24 hours, TON has been trading around the $4.83 mark. As the token experiences a recent sell-off, market participants are closely observing liquidity and positioning flows for short-term opportunities within the token’s current trading range.

Whale Selloff, Market TurbulencePoint out by Santiment on-chain data, about 890,000 TON coins have been sold by investors, who held balances ranging from 10 to 10,000 coins, since the arrest of Telegram founder Pavel Durov in August 2024.

At the time of the arrest, the token was valued at $6.80, but it has since declined by over 30%, and its market capitalization has dropped by 29%.

The legal troubles faced by Telegram, over its alleged involvement in illegal activities, became a turning point for the TON system.

Durov was released following his arrest, but French authorities are still investigating him for the charges.

Despite the legal battles and market turbulence, Toncoin sustained a 128% annual growth during its implementation.

Rising Accumulation, Exchange NetflowsData from on-chain analysis shows that TON holders have been accumulating tokens steadily since early November 2024.

The Accumulation/Distribution data indicates continuous token acquisitions, suggesting that some investors may be viewing the market decline as an opportune time to acquire TON tokens.

Data from IntoTheBlock shows that TON token withdrawal rates at exchanges have surged by 357% since early November 2024.

Negative netflows recorded by traders on exchanges are viewed positively because this data suggests that market participants are purchasing TON on platforms other than regular exchanges for extended ownership.

Investors are showing increasing faith in the digital asset despite its recent troubles, which could signal their growing confidence.

DeFi Challenges, Future of TONInal Kardan of TON Ventures highlighted that the Toncoin DeFi sector is facing challenges in expanding its user base.

Despite the Toncoin Foundation’s heavy investment in infrastructure, DeFi projects using the network have struggled to gain traction.

Kardan anticipates an increase in demand for memecoins during the upcoming period as users shift their focus to new projects within the TON ecosystem.

Toncoin’s success will depend on both general market trends and advancements within its network infrastructure.

Toncoin may be up for an upcoming rally as increasing accumulation rates and rising Open Interest deltas are signaling positive market trends within the $4-$5 price range.

Traders should monitor both market liquidity movements and investors’ positions to identify potential breakout points.

This article is for informational purposes only and does not provide financial, investment or other advice. The author or any people mentioned in this article are not responsible for any financial loss that may occur from investing in or trading. Please do your own research before making any financial decisions.