Discover the bullish signals for TON in November as whale accumulation, reduced exchange supply, and MVRV ratios hint at a potential Toncoin price rally.
The cryptocurrency market is gearing up for a massive bull run amid positive anticipation of the U.S. presidential election result. The bullish scenario could be suitable for high-performing assets like TON to replenish the recovery momentum. Here are three bullish charts hinting at a prolonged uptrend for the Toncoin price
By the press time, TON price traders at $4.7 with an intraday loss of 3.3%. According to CoinGecko Data, the ToncoToncoin’set cap is $11.9 Billion, while the 24-hour trading volume is $234.4 Million. Read till last line.

3 Key Charts Indicating a Major Toncoin Price Rally This November
TON has shown signs of resilience and investor confidence despite recent market corrections. Below, we explore three critical charts that indicate a potential major rally for Toncoin price in November.

Whale Accumulation and Exchange Outflows Signal Potential Toncoin Price Rally
According to Santiment data, the percentage of TON supply held by top addresses has surged steadily from 23.7% to 27.5% in the last three months. This trend often suggests increased confidence among major investors in the assetasset’s-term potential. Historically, whale accumulation has led to price bottom formation and a precursor for a sustained uptrend.

Moreover, the TON supply on exchange has dropped drastically from 2.54 Million to 1.68 Million in the last two months. Such a supply shift often precedes a rally, as reduced exchange availability can create upward pressure on the price when demand rises.
Image Source: Santiment
Plunge in MVRV Ratio Hints at Potential TON Market Rebound
Amid the recent market correction, the 30-day Market Value to Realized Value (MVRV) ratio has plunged to -6.6%. The MVRV ratio is a metric that compares an asset’s capitalization to its realized capitalization, offering insights into whether the asset is overvalued or undervalued.
Generally, a negative value indicates that short-term buyers are at a loss and could capitulate if the correction is prolonged. Such exit for speculative traders often attracts long-term buyers in the market and drives a market recovery.

Image Source: Santiment
TON Price Analysis Signals Breakout from 4-Month Correction
Over the past four months, the Toncoin price has witnessed a steady correction from $8.17 to $4.7, registering a loss of 42%. The daily chart displays this correction with a downsloping trendline offering dynamic resistance to TON.
As the crypto market anticipates a bullish outlook around the upcoming U.S. presidential election, the Toncoin price shifted its bearish trajectory sideways. With sustained buying, the crypto buyers could drive an 8.5% surge to challenge the dynamic resistance. A potential breakout from this resistance could accelerate the bullish momentum and push the asset 74% to $8.2.
Image Source: Trading View
On the contrary, if sellers defend the overhead trendline, the current correction could be extended for November.

Recommendations, suggestions, views and opinions given by the experts are their own. You must do your own research before investing crypto markets. Crypto Wolf always trying to share valuable news. Ton coin is a next bull run crypto.

#ToncoinSurge #TONCOİN #tonprediction #ton_blockchain #TonAnalysis

Analysts predict Toncoin price could reach $20 in this bull cycle amid growing momentum and a bullish reversal pattern.
Bitcoin price soared above $70,000 during Tuesday’s trading session, reigniting market confidence in a Q4 bull run. Following this trend, Toncoin emerged as a standout, catching investors’ eyes as its holder growth narrows the gap with Ethereum. With this high momentum, crypto investors are eyeing a $20 target for Toncoin price in this bull cycle.
In crypto market today, the TON price traded at $5, with a modest loss of 0.18%. Meanwhile, the market cap remains at $2.4 trillion, and the 24-hour trading volume is at $170.5 million. Read carefully till last word.

Analysts Set $20 as Toncoin Price Target Peak in This Bull Market
In a recent tweet, the crypto analyst bmoonvc highlights a bullish outlook for Toncoin price amid the formation of a bullish reversal pattern called a double bottom. The chart setup resembles a ‘W’ shaped letter, indicating renewed demand pressure with two major reversals.
The attached chart also highlights the pattern’s bottom support, which coincides with the ascending support trendline. The dynamic support has acted as a key buyer accumulation point before launching a sharp recovery trend.
Analysts predict the completion of this pattern could bolster TON’s current cycle to a $20 peak.
Source: Trading View
TON Holder Count on Track to Surpass Ethereum by 2024
According to a recent analysis by Maartunn, the Open Network (TON) is experiencing rapid growth, with its holder count showing an impressive rise over recent months. 20th. Currently, ETH has 137 million holders, while TON has reached 112 million.
However, the TON has gained an average of 500,000 new followers per day since last month, indicating a rapid adoption of its blockchain ecosystem. If the trend continues, TON will outpace Ethereum’s users by 2024, as per the analyst’s prediction.

Key Considerations:
Sustainability of Growth: The rapid growth of TON could be linked to airdrop mania and the emergence of memecoin in recent months. Thus, this growth could slow down and delay the anticipated crossover until early 2025, around February 3rd.Ethereum’s Continued Growth: The number of Ethereum holders has witnessed a slow yet steady recovery. Therefore, the projected timeline could be delayed as ETH continues to dominate the altcoin market and attract new adoption.
TON Price Analysis Signals a 3% Rise Before Major Breakout

Amid the recent market upswing, the Toncoin price showed a notable bounce from $4.5 to $5.03— an 11.5% growth. This reversal brings the TON price 3% away from challenging a major downsloping trendline, which has been intact since July 2024.

A potential breakout will accelerate the bullish momentum as push the asset 15% up to hit the $6 barrier, followed by $7.2.
Source: Trading View
On the contrary, the Toncoin price will prolong the correction trend if the asset witnesses renewed selling pressure at the dynamic resistance.

Recommendations, suggestions, views and opinions given by the experts are their own. You must do your own research before investing crypto markets. Crypto Wolf always trying to share valuable news. Here’s What You Need to Know Before trade Toncoin.
#ToncoinSurge #TONCOIN/USDT #Toncoin #tonprediction #ton_blockchain
$TON

As one of the standout performers in 2024, Toncoin has recently faced headwinds from a bearish market, leading to fluctuations in its value. Currently trading at approximately $4.92, Toncoin has seen a slight recovery, gaining nearly 3% over the past day. However, this uptick is overshadowed by a 7% decline over the last week, prompting investors to reevaluate their positions.
Understanding the Declining Sharpe Ratio
A critical metric in this assessment is the Sharpe Ratio, which gauges the risk-adjusted returns of an investment. According to crypto analyst Darkfost from CryptoQuant, Toncoin's falling Sharpe Ratio indicates a period of decreased risk and diminishing returns. While a declining Sharpe Ratio often suggests reduced volatility and risk, it also implies that profits are becoming less significant for investors.
Darkfost highlights that this decline indicates Toncoin is entering a “lower-risk zone.” This environment may present a strategic opportunity for investors to accumulate Toncoin with reduced exposure to abrupt price swings. However, caution is warranted; as noted, the “lower-risk zone” does not guarantee complete safety. Investors should closely monitor Bitcoin’s price movements, as the broader market typically reacts to fluctuations in the premier cryptocurrency.
Projecting Toncoin's Growth and Market Dynamics
In a separate analysis, another expert, Maartunn, forecasts that Toncoin could surpass Ethereum in terms of adoption by the end of 2024. Currently, Toncoin boasts around 112 million holders and is projected to gain momentum, adding approximately 500,000 new holders daily. If this growth trajectory continues, Toncoin could potentially exceed Ethereum's current holder count of 137 million.
However, Maartunn emphasizes that this projection relies on the continuation of Toncoin’s growth rate and the pace at which Ethereum accumulates new holders. Variability in these factors could influence the timeline for this potential shift in market dynamics.
Conclusion
Toncoin's current market conditions present a complex picture for investors. The declining Sharpe Ratio suggests a more favorable risk-return balance, yet it also indicates diminishing profit potential. As Toncoin continues to evolve, investors must navigate these dynamics with a blend of caution and strategic foresight, particularly in light of the broader market influences, notably Bitcoin's performance. The prospect of overtaking Ethereum in holder numbers adds an intriguing layer to Toncoin's narrative, making it a coin to watch in the coming months.

#tonecoin
#TON
#tonprediction

Toncoin and Notcoin have taken significant hits following the arrest of Telegram CEO Pavel Durov in France. Toncoin’s value plummeted by 18%, dropping below $5.53, while Notcoin experienced a 21% crash, trading at around $0.009.

French authorities detained Durov at Le Bourget Airport on a warrant related to crimes allegedly facilitated by Telegram’s lack of moderation. The arrest has sparked fears over the future of these coins, given their close association with Telegram and Durov.

Toncoin, the native coin of The Open Network (TON), saw its market cap drop from $17.1 billion to approximately $14 billion within hours. Despite the turbulence, the broader crypto market remained stable, with Bitcoin holding steady near $64,000.
Click here to vote for me
#TelegramCEO #tonprediction #BinanceLaunchpoolDOGS