TON's recent performance shows promising signs of recovery and growth. After a 15.61% decline over the past months,
$TON has surged by 7.78% in the past week, trading at $5.78 with a 4.8% increase in the last 24 hours. This upward momentum is supported by a significant 46.6% increase in trading volume, reaching $322.5 million, indicating growing demand and adoption.
A key driver of this growth is the exponential surge in active addresses, with TON reaching a daily average of 3 million throughout the first week of September. This outpaces major layer 1 blockchains, including Bitcoin and Ethereum, suggesting increased network adoption and usage. The surge is further evidenced by the processing of 59.98 million transactions in the same period.
Technical analysis reveals a positive price DAA (Daily Active Addresses) divergence over the past week. This indicator suggests rising buying interest despite stable prices, potentially signaling an upcoming price increase. Additionally, a massive increase in large holder inflow, peaking at 563.7 million tokens, further supports bullish sentiment.
Looking ahead, TON's price prediction appears optimistic. The combination of increasing active addresses, transaction volume, and large holder interest creates a strong foundation for potential price appreciation. If the current trend continues, TON could test resistance levels around $6.50 in the short term. However, investors should remain cautious of broader market trends and potential volatility.
Key factors to watch include:
Sustained growth in active addresses and transaction volumeContinued large holder accumulationOverall market sentiment and macroeconomic factors
While past performance doesn't guarantee future results, TON's current metrics suggest a positive outlook for the asset in the coming weeks.
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