Toncoin (TON) Faces Precarious Position as Geopolitical Events and Market Dynamics Collide

The arrest of Pavel Durov in August 2024 triggered a significant sell-off in Toncoin’s [TON]. In the aftermath, over 890,000 TON were sold.

Toncoin (TON) has experienced a significant sell-off following the arrest of Pavel Durov in August 2024, with over 890,000 TON being sold. This has caused a noticeable decrease in the market price of the cryptocurrency.

Furthermore, the recent transfer of over 240,000 Toncoin to exchanges in the past week has escalated the selling pressure, indicating investor apprehension. This has led to a clear shift in Toncoin’s price trajectory, which was initially rising but now seems to be declining rapidly after these events.

As these large quantities of Toncoin hit the market, the number of Toncoin held dwindled sharply, causing a noticeable dip in price. This trend suggests that TON could face further declines if the selling pressure continues. However, it could also present a buying opportunity for those betting on a market recovery.

This precarious position also highlights the broader impacts of geopolitical events on cryptocurrency markets, especially for assets like Toncoin that are directly linked to high-profile individuals.

Interestingly, despite the sell-off, TON’s weekly Open Interest (OI) Delta showed increased volatility accompanied by growing OI. Historically, this pattern has often signaled an upcoming price surge.

If we observe the OI Delta closely, as it climbed in mid-2024, Toncoin’s price rose sharply. Recently, on the 25th of January 2025, similar increases in OI suggested a potential reversal followed by a bullish trend soon.

Hence, monitoring the OI changes alongside price action could provide crucial insights into TON’s short-term market dynamics. Liquidity and position flow will be key in determining if this continued OI trend can trigger higher prices.

Moreover, TON’s price hinted at a potential reversal as it gravitated towards a key support zone at $4.80. Past interactions with this zone showed resilience each time.

As TON approached this critical support area once again, it suggested a potential bounce. Past interactions with this zone have resulted in recoveries, suggesting that TON’s price may respond positively. The MACD showed convergence, hinting at upcoming positive momentum.

If history repeats, this could mean a price increase for TON, providing a buying opportunity for investors observing these levels.

Finally, TON’s address count continued to steadily increase from 105 million addresses on the 22nd of October to 139 million by the 22nd of January. This consistent growth represented a surge of over 32% in less than four months.

The rise in unique addresses likely indicated heightened activity and interest in the TON network. This could bolster market confidence and potentially support a bullish scenario for Toncoin’s price in the future. These metrics are crucial for tracking engagement and network health.