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Cryptocurrency News Articles
Toncoin (TON) Poised for 65% Median Gain Over the Next 43 Days, Historical Data Suggests
Jan 09, 2025 at 03:30 pm
The cryptocurrency market has shown heightened activity in early 2025, with Toncoin (TON) emerging as one of the spotlighted assets following an
A recent analysis by CryptoQuant analyst Burak Kesmeci has highlighted the cryptocurrency's early stages of an uptrend, raising expectations of a sustained rally in the coming weeks.
According to Kesmeci's analysis, historical data suggests that TON has shown strong price performance following reversals in the 90-day percent return metric. For instance, after a similar metric reversal in August 2023, TON rose from $1.72, indicating a 65% gain over 70 days.
Moreover, following another reversal in February 2024, the asset surged by 258% in just 43 days. Notably, the most recent example of this trend was observed in November 2024, where TON climbed 32% within 11 days.
Collectively, these instances suggest that when the 90-day percent return metric crosses into positive territory, it often serves as a precursor to significant upward price movement.
This trend, being observed for only seven days now, has sparked optimism among investors who are considering short-term accumulation strategies in the cryptocurrency.
As stated by Kesmeci, if historical trends continue to hold, TON could experience a median gain of 65% over the next 43 days. In his analysis, the analyst noted:
“Currently, we observe that the “90-day percent return” metric for TON has entered a bull trend for the fourth time. It has been only 7 days since this reversal. Based on previous data:
- Expected duration: 43 days (median value)
- Potential percentage return: 65% (median value)
These insights suggest that TON is likely to continue its upward trend in the short term.”
However, it is important to note that market conditions and external factors, such as overall sentiment in the cryptocurrency sector, could influence the trajectory of this trend.
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