Toncoin Price Inches Closer To All-Time High – Will TON Hit $8 This Week?

Toncoin (TON), with its history of wild price fluctuations, perfectly embodies the volatility that thrives in the cryptocurrency market. Prices often experience dramatic swings that can make even the most seasoned investors dizzy. However, recent trends suggest TON might be entering uncharted territory – a period of eerie stability. This unexpected calm has set tongues wagging, with analysts predicting a potential explosion in volatility on the horizon. Related Reading: 36% Explosion! ENS Coin Steals The Spotlight In The Crypto Market Low Volatility Hints At Brewing Storm Data analytics platform CryptoQuant has released data indicating TON is currently trading near its all-time high. However, unlike previous surges that were characterized by heart-stopping price jumps, this climb has been accompanied by a surprising decrease in volatility. At the time of writing, TON was trading at $7.83 down 2.4% in the last 24 hours, but sustained a 4.7% increase in the last seven days, data from Coingecko shows. Based on this figure, TON is just a few cents away from hitting a new all-time high of $8. Low Volatility Alert will hit $TON soon “Periods of lower volatility are followed by periods of higher volatility… Therefore, based on this chart, it is reasonable to anticipate a volatility expansion.” – By @JA_Maartun Link

Jul 3, 2024 - 16:00

Toncoin Price Inches Closer To All-Time High – Will TON Hit $8 This Week?

Toncoin (TON), with its history of wild price fluctuations, perfectly embodies the volatility that thrives in the cryptocurrency market. Prices often experience dramatic swings that can make even the most seasoned investors dizzy.

However, recent trends suggest TON might be entering uncharted territory – a period of eerie stability. This unexpected calm has set tongues wagging, with analysts predicting a potential explosion in volatility on the horizon.

Low Volatility Hints At Brewing Storm

Data analytics platform CryptoQuant has released data indicating TON is currently trading near its all-time high. However, unlike previous surges that were characterized by heart-stopping price jumps, this climb has been accompanied by a surprising decrease in volatility.

At the time of writing, TON was trading at $7.83 down 2.4% in the last 24 hours, but sustained a 4.7% increase in the last seven days, data from Coingecko shows. Based on this figure, TON is just a few cents away from hitting a new all-time high of $8.

Low Volatility Alert will hit $TON soon
“Periods of lower volatility are followed by periods of higher volatility… Therefore, based on this chart, it is reasonable to anticipate a volatility expansion.” – By @JA_Maartun
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