Toncoin (
TON• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Ton)
Price at Risk of a Correction
as Market Overheats
Trading activity in the cryptocurrency• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта market has declined in the last month.
As a result, global cryptocurrency• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта market capitalization has dropped by 4% in
the past 30 days.
While several crypto assets have seen their values plummet by double digits,
Toncoin’s (TON• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Ton) price has risen. Trading at $7.93 as of this writing, the
altcoin’s value has increased by 24% in the last month.
Toncoin’s Price Rally May Not Be Sustainable
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An on-chain assessment of TON• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Ton’s price movements shows buyers exhaustion
may have set in. This is based on readings from the token’s Price-Daily Active
Address (DAA) Divergence.
This metric compares an asset’s price movements with the changes in its number
of daily active addresses. It tracks whether an asset’s price movement is
supported by corresponding activity on its network.
As of this writing, TON• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Ton’s Price-DAA Divergence is 281.15%. This signals that
its price has skyrocketed significantly compared to its daily active
addresses. It suggests a 281.15% difference between the altcoin’s price and
the change in its daily active addresses. Toncoin Price DAA Divergence.
Source: Santiment
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When this metric spikes like this, it signals that the price rally has
occurred without a corresponding increase in network activity. This may mean
that TON• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Ton’s price rally has been driven by speculative buying or potential
overvaluation.
Confirming that TON• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Ton is overvalued, its Market Value to Realized Value (MVRV)
ratio is 59.18%. An asset’s MVRV ratio measures the ratio between its current
price and the average price at which all its coins or tokens were acquired.
Read More: What Are Telegram Bot Coins? Toncoin MVRV Ratio. Source: Santiment
When its value is above one, the asset’s current market value is significantly
higher than the price at which most investors acquire their holdings. It is
deemed overvalued, and most traders sell for profit at this level.
TON• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Ton Price Prediction: Divergence Hints at Potential Correction
Despite TON• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Ton’s price rally in the last month, its Chaikin Money Flow (CMF) has
trended downward since June 15.
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Toncoin Analysis. Source: TradingView
This indicator measures money flow into and out of the market. A bearish
divergence is created when an asset’s price rises while its CMF falls. This
suggests that the price uptrend might be losing momentum and may be
unsustainable. Traders interpret this as a warning signal of a potential price
reversal.
If TON• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Ton’s price corrects, it may fall to $7.70.
Read More: 11 Cryptos To Add To Your Portfolio Before Altcoin Season Toncoin
Analysis. Source: TradingView
However, if demand increases and the token maintains its uptrend, TON• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Ton’s value
may rise to $8.28.
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Disclaimer
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informational purposes only and should not be considered financial or
investment advice. BeInCrypto is committed to accurate, unbiased reporting,
but market conditions are subject to change without notice. Always conduct
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