目前96％的噸幣（噸）持有人面臨損失

加密貨幣市場最近一直在經歷重大的波動性，一枚硬幣感受到了這種低迷的首屈一指的是Toncoin（噸）。

Cryptocurrency traders have largely grown accustomed to instances of extreme volatility, especially in the wake of the recent market downturn. However, even by these standards, the figures for Toncoin (TON) are staggering.

加密貨幣交易者在很大程度上已經習慣了極端波動的情況，尤其是在最近的市場低迷之後。但是，即使按照這些標準，噸幣（噸）的數字也令人震驚。

According to data from blockchain analytics platform IntoTheBlock, an overwhelming 96% of Toncoin investors are currently in the red. This grim statistic is a testament to the severity of the cryptocurrency’s ongoing price decline.

根據區塊鏈分析平台Intotheblock的數據，目前有96％的噸幣投資者處於紅色狀態。這種嚴峻的統計數據證明了加密貨幣持續價格下降的嚴重性。

As the cryptocurrency remains in the lower reaches of its recent price ranges, investors are growing increasingly interested in the possibility of a recovery and what might come next for the coin.

由於加密貨幣仍然處於其最近的價格範圍的較低範圍內，投資者越來越對恢復的可能性以及硬幣下一步可能發生的事情越來越感興趣。

MVRV Shows Magnitude of Toncoin Losses

MVRV顯示噸幣損失的幅度

The small sliver of investors who are currently in the green on their Toncoin investments will largely be those who bought the cryptocurrency at the very bottom of its recent price cycle, in the lower $2.00 ranges. From the beginning of 2024, however, the cryptocurrency has largely been in negative territory, slipping as low as $1.96 in mid-February.

目前正在綠色投資綠色投資的投資者很小的一小部分將在很大程度上是那些在最近的價格週期最底部購買加密貨幣的人，價格較低2.00美元。然而，從2024年初開始，加密貨幣在很大程度上處於負面的領域，在2月中旬下滑至1.96美元。

This persistent downturn in price is also evident in the MVRV (Market Value to Realized Value) ratio, which tracks the difference between the price at which assets were purchased and their current market value. At the time of writing, the MVRV 30-day reading is at -10.15%, showcasing that most investors are sitting on unrealized losses.

MVRV（市場價值與已實現的價值）比率也很明顯，這一價格也很明顯，該比率跟踪了購買資產的價格與當前市場價值之間的差額。在撰寫本文時，MVRV 30天的閱讀率為-10.15％，表明大多數投資者都遇到未實現的損失。

A MVRV reading of 0% signifies that investors are collectively breaking even, while a positive reading indicates an overall profit for investors. Conversely, a negative MVRV reading, such as the one that has persisted for Toncoin, indicates that most investors are still in the red.

0％的MVRV閱讀表明投資者正在共同打破，而積極的閱讀則表明投資者的總體利潤。相反，負面的MVRV閱讀，例如持續使用Toncoin的讀數，表明大多數投資者仍處於紅色狀態。

Declining On-Chain Activity Sounds Alarm Bells

鏈上活動的下降聽起來很警鐘

In addition to the price drop, there has also been a sharp decline in the number of active daily addresses interacting with Toncoin. As of March 8, this figure stands at 126,454. This figure has been steadily decreasing since the beginning of 2024, showing a lack of new investors engaging with the cryptocurrency.

除了價格下跌外，與噸幣相互作用的活動日常地址數量也大幅下降。截至3月8日，這個數字為126,454。自2024年初以來，這個數字一直在穩步下降，表明缺乏與加密貨幣相關的新投資者。

The decline in daily active addresses corresponds with the cryptocurrency’s price slump, showcasing how investor interest appears to be waning. This lack of activity suggests that there is minimal new investment in the cryptocurrency.

每日活動地址的下降與加密貨幣的價格低迷相對應，展示了投資者的興趣如何減弱。這種缺乏活動表明，加密貨幣的新投資最少。

When looking at the number of new addresses being created, there has been minimal growth, especially when compared to other prominent cryptocurrencies. This trend further suggests that new investment is weak, and confidence in Toncoin may be diminishing.

在查看創建的新地址數量時，增長的增長很小，尤其是與其他突出的加密貨幣相比。這種趨勢進一步表明，新的投資薄弱，對噸幣的信心可能正在減少。

When combined with the dismal MVRV readings, it paints a picture of a market that is far from bullish at this stage.

當與慘淡的MVRV讀數結合使用時，它描繪了一個市場遠非看漲的市場圖片。

Toncoin Price Struggles to Break Key Levels

噸幣價格難以打破關鍵水平

Technical analysis shows that Toncoin’s price has been stuck in a prolonged downtrend, struggling to break above key resistance levels and failing to regain its previous highs.

技術分析表明，Toncoin的價格一直處於長期的下降趨勢中，努力打破了關鍵阻力水平，並且未能恢復以前的高位。

As the cryptocurrency attempts to recover, it has faced consistent rejection at the $3.24 resistance level, which aligns closely with the 50-day moving average. If Toncoin fails to break above this level, it may continue to experience downward pressure, with the next key support level appearing to be around $2.50.

當加密貨幣試圖恢復時，它在3.24美元的電阻水平上面臨一致的拒絕，這與50天的移動平均線密切相符。如果Toncoin未能超過此水平，它可能會繼續承受向下壓力，下一個關鍵支持水平的價格約為2.50美元。

Lack of upward momentum could be a concern for investors, who will be hoping to see some stability return to the cryptocurrency’s price.

對於投資者來說，缺乏向上的動力可能會成為一個關注，他們希望看到加密貨幣的價格有些穩定。

If the cryptocurrency continues to struggle below key resistance levels, there is a risk that the coin could slip even further, potentially causing more pain for those already holding losses.

如果加密貨幣繼續在關鍵阻力水平以下掙扎，那麼硬幣可能會進一步滑倒，這可能會給那些已經遭受損失的人帶來更多的痛苦。

Could There Be A Short-Term Bounce?

可以短期反彈嗎？

Despite the bearish outlook, there are some signs of hope for Toncoin in the short term. Technical indicators such as the Relative Strength Index (RSI) are showing that the cryptocurrency may be nearing oversold conditions.

儘管看跌了前景，但短期內仍然有一些希望托幣的跡象。諸如相對強度指數（RSI）之類的技術指標表明，加密貨幣可能正在接近超售條件。

The RSI, which measures the magnitude of recent price changes to evaluate overbought or oversold conditions, currently sits at 42.06. This reading suggests that the asset could be approaching a price level where it may become undervalued in the short term.

RSI衡量了最近價格變化以評估過多買賣條件的幅度，目前為42.06。該讀物表明，資產可以在短期內被低估的價格水平。

If buyers step in and the market experiences a small recovery, it could lead to a short-term rebound for Toncoin, potentially pushing its price back towards the $3.00 to $3.25 range. However, unless there is a significant change in market sentiment, this rebound could be temporary, and Toncoin may face further declines after such a bounce.

如果買家介入並且市場經歷了少量的恢復，則可能會導致噸幣的短期反彈，從而將其價格恢復到3.00美元至3.25美元之間。但是，除非市場情緒發生重大變化，否則這種反彈可能是暫時的，在這種反彈之後，噸幣可能會進一步下降。

What’s Next For Toncoin

噸幣的下一步是什麼

The cryptocurrency markets have been volatile in recent times, and the future of Toncoin largely depends on how the broader cryptocurrency market evolves in the coming months.

加密貨幣市場最近一直在波動，噸幣的未來在很大程度上取決於接下來幾個月的更廣泛的加密貨幣市場如何發展。

For a recovery in Toncoin to take place, a shift in market sentiment will be necessary. The current lack of bullish momentum, combined with low MVRV readings, suggests that accumulation may still be in progress, and investors are hesitant to make large bets.

為了進行噸幣的恢復，將有必要改變市場情緒。目前缺乏看漲的動力，再加上MVRV低的讀數，這表明積累可能仍在進行中，投資者猶豫不決。

For a sustainable recovery to take place, Toncoin would need to reclaim key support levels and witness an uptick in on-chain activity

為了實現可持續的恢復，噸幣需要收回關鍵支持水平並見證鏈上活動的上升