Toncoin’s (TON) recent performance has drawn attention due to a notable “golden cross” observed in its one-month volatility data. This phenomenon occurs when the short-term moving average surpasses the long-term moving average, often signaling potential price shifts, according to CryptoQuant. It is noteworthy that this pattern may mean considerable fluctuations in TON’s value, according to the analysts.
November Golden Cross Sparks 35% TON Rally
This golden cross has been seen in TON’s history before. On February 12, 2024, there was another signal of this sort. After that, TON encountered a massive jump in price, which reached 243% in 54 days, according to several sources. This instance established how such volatility driven patterns affected market performance.
The other golden cross was seen on 6th November, 2024. About 18 days later from this signal, TON’s price was reported to have risen by 35% from $4.60 to $6.20. Industry analysts have pointed out that although this increase is quite noticeable, it may be the initial signal of a much bigger increase.
Volatility Signals Spark Speculation for TON’s Future
There is a lot of talk about what TON will have to go through in the near future by analyzing the charts and statistics. Some people proposed that Fibonacci retracement levels and past trends show the possibility of a 200% gain on TON. This projection would put TON into the range of between 12-14 if the trends are to persist.
Historical records and strategizing based on the technical analysis may not always be effective due to the unpredictable nature of the crypto market. However, the recent trends of volatility in TON have been regarded as signs of its development. This has made the market participants to develop interest and more speculations on the possibility of TON to hit other new price levels.
