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Cryptocurrency News Articles

Toncoin (TON) Enters Key Buy Zone – A Prime Accumulation Opportunity

Feb 15, 2025 at 11:30 am

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.

Toncoin (TON) Enters Key Buy Zone – A Prime Accumulation Opportunity

Toncoin (TON) has had a rough couple of weeks, 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.

However, some analysts believe that Toncoin may be nearing a significant accumulation phase.

A recent analysis by CryptoQuant contributor Crazzyblockk, titled “TON Enters Key Buy Zone – A Prime Opportunity,” highlights key findings from the Ton Price Models.

According to these models, Toncoin has reached the 0.6x 250-day moving average bottom zone, which is 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.

The Ton Price Models utilize historical data to identify oversold conditions and potential entry points. As explained by Crazzyblockk, assets trading near 0.6x–0.8x of their 250-day moving average often signal strong buy conditions.

Throughout history, these levels have served as ideal accumulation zones before major market upturns. The analyst points out 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.

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.

Zooming in, however, shows that TON has shown resilience with a slight increase of 2.8% in the past day. This uptick 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.

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

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Other articles published on Feb 15, 2025