Toncoin (TON) Enters Accumulation Phase, Signaling a Potential Rally with a Price Target of $8 or Higher

Toncoin (TON) has recently demonstrated a notable upward trend, gaining 1.83% in the past 24 hours and 5.78% over the past week. However, a decline in trading volume of 7.29% to $185.5 million has raised some concerns. Typically, such a divergence between price and volume precedes a potential drop, but this could also trigger the start of a much-anticipated rally.

Cryptocurrency Toncoin (TON) has shown a promising upward trend recently, rising 1.83% in the last 24 hours and 5.78% over the past week. However, a 7.29% decrease in trading volume, down to $185.5 million, has raised some concerns.

Usually, such a divergence between price and volume precedes a potential drop, but it could also trigger the start of a much-anticipated rally.

TON seems to be entering the accumulation phase, setting the stage for potential price movements, with analysts forecasting a target of $8 or higher.

Normalized Risk Metric Signals a Favorable Market Position

According to market sentiment analysis by Joaowedson, TON is approaching a favorable buying phase. The Normalized Risk Metric (NRM) for both medium-term and long-term trends is showing promising signs, indicating that the cryptocurrency may soon experience a surge. The NRM compares the current price of TON to its Simple Moving Averages (SMA), both for the long-term (374-day SMA) and the medium-term (50-day SMA).

The NRM is color-coded to represent various market phases. When the NRM turns green, it indicates the potential for an upcoming rally, while a blue NRM signifies a significant accumulation phase. Currently, the long-term NRM is at the green line, and if it shifts to blue, TON could be in line for a major rally, with price targets reaching $8 or higher.

Volume and Price Divergence: A Catalyst for Price Movement

As mentioned, the divergence between TON’s price and trading volume often precedes price adjustments. However, if this price-volume discrepancy continues, it could serve as the catalyst needed to push the NRM into the blue zone. This shift in NRM would likely create significant upward pressure, pushing TON towards its target price of $8. The alignment of both the medium-term and long-term NRM signals that a major price movement could be on the horizon, especially if both indicators shift to blue simultaneously.

Growing Network Adoption and Increased Market Participation

Another key factor supporting TON’s potential for growth is the significant increase in the number of active addresses. As of last week, Toncoin hit a new milestone, with 108.81 million addresses recorded, reflecting an increase of 1.6 million addresses compared to December 2024. This surge in network activity indicates heightened market participation and suggests that more investors are starting to accumulate TON. As more users engage with the network, the pressure to buy and hold Toncoin could further propel its price toward higher levels.

Accumulation Phase and Future Price Prospects

As TON enters what seems to be a low-risk accumulation phase, its market dynamics are becoming increasingly favorable for long-term investors. The growing number of addresses indicates that the token is gaining traction among investors who are positioning themselves for a potential rally. With both the NRM indicators and increased adoption aligning in favor of upward movement, Toncoin’s price may soon breach the $8 mark and continue its climb.

Conclusion: A Strong Rally Ahead?

Toncoin’s current market position, characterized by favorable risk metrics, growing network adoption, and a promising accumulation phase, suggests that a significant rally is on the horizon. With both long-term and medium-term NRMs pointing to a potential surge, TON could target a price of $8 or higher in the near future. The increasing number of active addresses further highlights the growing interest in the token, which could fuel additional upward momentum.

In the coming weeks, investors should watch for the shift of the NRM into the blue zone, as this could be the trigger for Toncoin’s next major rally. If current trends continue, TON’s price trajectory looks set for substantial growth, making it one of the cryptocurrencies to watch in the coming months.