At the time of writing this article, TON is trading at $7.66. Despite the 7% price increase, there is a significant decrease in trading volume – by 32%. This is a controversial phenomenon that requires more detailed analysis.
On the one hand, an increase in price may indicate increased interest in TON from investors. Perhaps this is due to recent news or events that increase the attractiveness of the project. However, the decrease in trading volume suggests that there is no real demand for TON yet.
Most likely, the current price increase is the result of the actions of large investors or “whales” who are manipulating the market to lure new players and create the illusion of growth.
Don't forget that the RSI (relative strength index) for TON is at 66.4, which indicates strong bullish momentum. This may confirm the hypothesis of a short-term price increase, but at the same time signals a possible imminent trend reversal.
CMF (Chaikin Money Flow) has also shown a sharp increase in recent days, indicating an influx of money into TON. But it is important to understand that this may be due to the actions of “whales”, and not the real interest of retail investors.
Thus, the observed increase in the price of TON against the backdrop of a decrease in volume is not a clear signal. There is reason to believe that this growth may be artificially created and short-term.
If real bullish interest in TON increases in the future, the price may regain its previously reached record. However, for now this is just an assumption that needs confirmation.
