TON market explosion potential:
Analyze from multiple aspects of TON (Toncoin), including changes in trading volume, dominant parties of market activities (buyers or sellers), price dynamics, and derivative indicators such as public interest rates and funding rates:
Trading volume changes
- 24-hour trading volume surge: From less than $200 million to about $398 million, an increase of more than 80%.
- Intensified trading activity: A sharp increase in trading volume may indicate increased price volatility.
Dominant party of market activity
- Seller-dominated: Although TON has shown a positive trend for some time, recent data shows an increase in seller activity, causing the price to fall by nearly 3%.
- Price support: The current price is above the short moving average (yellow line), and the yellow line serves as support at around $6.8.
Price dynamics
- Recent price decline: Despite the support level, TON prices have fallen from the highs, indicating selling pressure.
- Potential price stability or rebound: If the support level remains unchanged, the price may stabilize or rebound.
Derivative indicators
- Rising public interest: Participation in derivative contracts related to TON increased, with a total amount close to $306 million, the highest level in the past few months.
- Negative market sentiment: Despite the increase in public interest, the weighted funding rate remained below zero, currently around -0.015, indicating negative market sentiment.
- Despite the selling pressure, prices are still above support and may stabilize or rebound in the future.
- Derivative indicators show that participation in derivative contracts related to TON increased, but market sentiment remains negative.
Again, I don’t know what to do in the bull market. Click on my avatar and follow me. For more information on the homepage, enter the setting area. I need fans and you need references. It’s better to follow than to guess.
