Is Toncoin Ready to Skyrocket to $8? Find Out What Analysts Are Saying!

The normalized risk metrics for medium and long-term trends are approaching a key buying phase, signaling a favorable market position.
The number of TON addresses has seen a significant surge, reaching an all-time high.

During the last day, there was a significant rise in Toncoin [TON], amounting to a 1.83% growth. This surge comes after a weekly progress of 5.78%. Concurrently, the trading volume saw a decrease of 7.29%, settling at approximately $185.5 million over this period.

A gap between price and trading volume, noticeable in this instance, frequently signals an upcoming decline in price. Nevertheless, should a fall occur, AMBCrypto’s assessment indicates it may spark the expected surge.

Accumulation phase ahead?

In simple terms, it’s possible that TON might be approaching a period known as accumulation, during which large amounts of the asset are purchased. This could lead to a strong upward trend or rally in the future.

According to Joaowedson’s analysis using sentiment analysis, he assessed the Normalized Risk Metric (NRM) for short-term and mid-term forecasts.

In simpler terms, the NRM analyzes the cost of TON by comparing it to its Moving Averages (MA) – for a long-term perspective, it looks at the 374-day MA, while for a medium-term view, it considers the 50-day MA.

The NRM uses a color system to highlight various market stages, featuring four unique colors that signify crucial steps.

Historically speaking, when the NRM changes color to green, it’s often a sign that a significant rally in the market is approaching. On the other hand, a blue-colored NRM usually suggests that the final stage of the rally has begun, as investors start to accumulate the asset in large quantities.

As a researcher, I’m currently observing that the Long-Term Neutral Movement (NRM) is positioned at the green line. If this movement were to transition to the blue line, considering the 374-day Simple Moving Average (SMA), The Outstanding Name (TON) could potentially embark on a long-term upward trend, with a projected price target of $8 and beyond.

Should the disparity between price and trading volume continue to widen, it might accelerate the creation of the blue NRM, potentially impacting the predicted price trend.

In simpler terms, over the intermediate timeframe, the trend of the NRM might follow a similar path, possibly moving from green to blue. If this happens, it could serve as a trigger, propelling the price upwards and closer to the specified target.

The concurrent arrangement of intermediate and long-term Non-Renewable Market (NRM) indicators suggests a significant price surge might be imminent, with an increased likelihood if these metrics change to blue at the same time. This transition could propel TON’s value beyond $8 and into higher price zones on the chart.

TON sees adoption as address growth soars

As TON enters its less risky stage, often characterized by accumulation, there’s a growing trend in its price fluctuations. Moreover, an uptick is observed in the count of TON wallets.

As an analyst, I’ve just noticed an interesting development: The total number of TON addresses holding a balance has hit a new record, according to data from IntoTheBlock. Last week, we saw a whopping 108.81 million addresses being tracked, which is a significant jump compared to the previous high set in December 2024, where only 107.21 million addresses were recorded. This new milestone represents an increase of approximately 1.6 million addresses.

Read Toncoin’s [TON] Price Prediction 2025-26

The increasing quantity of addresses indicates a surge in market involvement, as more participants are progressively acquiring TON. This pattern could significantly influence TON’s price to ascend to greater heights in the near future.

2025-01-18 00:07

Accumulation phase ahead?

TON sees adoption as address growth soars

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