Toncoin's 90-day return rate turns positive: Is a major rebound coming?

Live discussion, a brief talk on bullish market views

Toncoin (TON) has recently regained positive momentum, and investor confidence is being restored.

90-day return rate turns positive:

The 90-day return rate of TON has turned positive at around 9%. While it is not as high as the last rebound of 200%, it marks a shift in market sentiment.

Historically, positive returns often precede price increases for TON, and this indicator currently suggests enhanced investor confidence, though a clear upward trend has yet to be confirmed.

TON market performance:

Despite Darkfost observing positive momentum, TON has fallen nearly 10% over the past week, with a trading price of $6.27 in the last 24 hours, down 24.2% from the historical high in June, and its market cap has dropped to $15.9 billion.

Daily trading volume has also decreased from over $1 million on December 10 to approximately $402.8 million.

Still bullish on TON:

TON has formed a symmetrical triangle on the 1-hour chart, and a breakout upward could drive its price up to $7.55.

Live discussion, a brief talk on bullish market views