When examining TON's price heatmap, the SMA365 indicates that the $5.14 level represents a significantly "cool" price zone. Historical data reveals that TON's price has only fallen below this level (marked by the orange trend line) during bear market conditions. Considering that we are currently in a bull cycle, this zone could be interpreted as a potential local bottom.
What Could Be TON’s Target in This Bull Run?
Using the price heatmap metric to answer this question, the following target levels emerge:
$8.74
$15.93
$19.53
Analyzing these levels, TON has an initial potential to surge by up to 280% in an altcoin bull market. Additionally, it's important to note that the price heatmap metric is based on a moving average. This means that during a bull cycle, as prices rise, these target levels are likely to increase correspondingly.
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Written by burakkesmeci
