Toncoin (TON) has experienced a modest 1.7% price increase to $3.85, following a period of decline. Recent analysis suggests a potential accumulation phase despite market challenges.
Market Analysis and Key Metrics
CryptoQuant analyst Shiven Moodley has identified several bullish indicators for TON. The 180-day Sharpe Ratio points to strategic accumulation by investors. The stable Total Value Locked (TVL) in lending protocols reinforces this trend.
Volatility levels have significantly decreased since the December 2024 and February 2025 price spikes. This reduction often precedes market stabilization. The Normalized Risk Metric (NRM) shows accumulation activity around $3.82.
On-Chain Activity Signals
Long-term holders display strong conviction. The data shows coins older than 400 days remain largely unmoved. This pattern typically emerges during accumulation phases before price recoveries.
The Risk Exposure Ratio has reached new highs above 0.24 in early 2025. This metric tracks leveraged positions in TON’s DeFi ecosystem. A potential decline could signal market stabilization.
Market Implications
Short-term traders appear to be exiting positions, creating temporary price pressure. However, long-term holders maintain their positions. This divergence often precedes significant price movements.
The current setup mirrors historical patterns that preceded recoveries. Reduced selling pressure combined with improving risk metrics suggests a potential market shift.
Future Outlook
The combination of strong holder behavior and improving metrics creates a potentially favorable environment. Macroeconomic shifts could amplify positive momentum.
Investors should monitor the Risk Exposure Ratio for signs of market stabilization. A decline below current levels might signal reduced speculation and healthier market conditions.
Tags: #Toncoin #TON #CryptoAccumulation #CryptoMarkets #DeFi
Source: NewsBTC