The digital currency market has seen increased activity at the start of 2025, with Toncoin (TON) gaining attention as a standout asset following an analysis shared by CryptoQuant analyst, Burak Kesmeci.
Recent data indicates that the 90-day percent return metric for TON suggests the beginning of an upward trend, fueling expectations for a sustained upswing in the coming weeks. This pattern has historically led to significant gains in previous bullish cycles.
Historical Analysis Indicates Strong Price Prospects
Kesmeci’s research reveals that TON has shown impressive performance in the past following reversals in the 90-day percent return metric.
For instance, in August 2023, TON experienced a 65% increase over 70 days starting from $1.72. Similarly, in February 2024, the asset surged by 258% in just 43 days after a similar metric reversal. The most recent example in November 2024 saw TON climb 32% within 11 days.
These instances suggest that when the 90-day percent return metric turns positive, it often signals significant upward price movement. The current trend, only seven days old, has sparked optimism among investors looking at short-term accumulation strategies.
According to Kesmeci, if past trends continue, TON could see a median gain of 65% in the next 43 days. The analyst stated:
The “90-day percent return” metric for TON has entered a bullish phase for the fourth time, only seven days into this reversal. Based on historical data: Expected duration: 43 days (median value) Potential percentage return: 65% (median value) These findings suggest that TON is likely to continue its upward trajectory in the short term.
However, market conditions and external factors like overall sentiment in the cryptocurrency industry could impact the direction of this trend.
Toncoin Market Performance
Since the beginning of the year, Toncoin has struggled to make significant upward movements, facing consistent declines instead. Over the last two weeks, TON has dropped by nearly 12% in performance.
The current price of the asset is now trading below $6, marking a 7.5% decrease in the past 24 hours. Despite the downward trend, TON’s daily trading volume has shown an opposite movement.
In the last seven days, TON’s daily trading volume has risen from $200 million to approximately 344 million today. Considering the ongoing price trend, this surge in trading volume could be attributed to continuous selling pressure in the market.
Featured image created with DALL-E, Chart from TradingView
