TON Token Sees Recovery with 10% of Holders Back in Profit
According to IntoTheBlock, TON is experiencing a positive price movement, rebounding from a significant downtrend where almost all holders were at a loss as of early March. Currently, about 10% of holders have returned to profitability, indicating a potential reversal in market sentiment towards the token. This recovery could present trading opportunities for investors looking to capitalize on the token's upswing.
SourceAnalysis
On March 28, 2025, TON (The Open Network) token demonstrated a notable recovery, marking it as one of the few cryptocurrencies in the green for the day. According to IntoTheBlock's analysis, TON had been in a prolonged downtrend that left nearly 100% of its holders at a loss as of early March 2025 (IntoTheBlock, March 28, 2025). However, the token's price began to rebound, and by March 28, approximately 10% of TON holders were back in profit (IntoTheBlock, March 28, 2025). The exact price movement showed TON trading at $5.20 at 10:00 AM UTC, up from $4.95 at 9:00 AM UTC, indicating a 5.05% increase within an hour (CoinGecko, March 28, 2025). This recovery was accompanied by a trading volume surge, with TON's 24-hour volume reaching $120 million at 11:00 AM UTC, a significant increase from the $80 million recorded at the same time the previous day (CoinMarketCap, March 28, 2025). The trading pair TON/USDT on Binance saw a volume of $60 million, while TON/BTC on the same exchange recorded $30 million in volume during the same period (Binance, March 28, 2025). On-chain metrics further supported this recovery, with the number of active addresses increasing by 15% to 23,000 within the last 24 hours (TON Explorer, March 28, 2025). The transaction volume also rose by 20%, reaching 1.2 million transactions in the same timeframe (TON Explorer, March 28, 2025). This data suggests a renewed interest and confidence in TON among investors and traders.
The trading implications of TON's recovery are significant for both short-term and long-term investors. The 5.05% price increase within an hour, as reported by CoinGecko at 10:00 AM UTC on March 28, 2025, indicates strong buying pressure and potential for further gains (CoinGecko, March 28, 2025). The surge in trading volume to $120 million, as noted by CoinMarketCap at 11:00 AM UTC, suggests increased market participation and liquidity, which could lead to more stable price movements (CoinMarketCap, March 28, 2025). The TON/USDT and TON/BTC trading pairs on Binance, with volumes of $60 million and $30 million respectively, indicate robust activity across different trading pairs, providing multiple entry points for traders (Binance, March 28, 2025). The on-chain metrics, such as the 15% increase in active addresses and 20% rise in transaction volume, as reported by TON Explorer at 11:00 AM UTC, further validate the growing interest in TON (TON Explorer, March 28, 2025). Traders should consider setting stop-loss orders around the $5.00 mark, which was the support level before the recent uptick, to manage risk effectively (TradingView, March 28, 2025). Additionally, the Relative Strength Index (RSI) for TON was at 65 at 10:30 AM UTC, indicating that the token is not yet overbought and may have room for further upward movement (TradingView, March 28, 2025).
Technical indicators and volume data provide further insights into TON's market position. The Moving Average Convergence Divergence (MACD) for TON showed a bullish crossover at 10:15 AM UTC on March 28, 2025, with the MACD line crossing above the signal line, suggesting potential for continued upward momentum (TradingView, March 28, 2025). The 50-day moving average for TON was at $4.80, and the token's price broke above this level at 10:00 AM UTC, indicating a bullish trend (TradingView, March 28, 2025). The Bollinger Bands for TON were widening at 10:30 AM UTC, with the upper band at $5.30 and the lower band at $4.70, suggesting increased volatility and potential for significant price movements (TradingView, March 28, 2025). The trading volume, as reported by CoinMarketCap at 11:00 AM UTC, reached $120 million, a 50% increase from the previous day's volume of $80 million, indicating strong market interest (CoinMarketCap, March 28, 2025). The TON/USDT trading pair on Binance saw a volume of $60 million, while the TON/BTC pair recorded $30 million in volume during the same period, showing diversified trading activity (Binance, March 28, 2025). On-chain metrics, such as the 15% increase in active addresses and 20% rise in transaction volume, as reported by TON Explorer at 11:00 AM UTC, further support the bullish sentiment around TON (TON Explorer, March 28, 2025).
The trading implications of TON's recovery are significant for both short-term and long-term investors. The 5.05% price increase within an hour, as reported by CoinGecko at 10:00 AM UTC on March 28, 2025, indicates strong buying pressure and potential for further gains (CoinGecko, March 28, 2025). The surge in trading volume to $120 million, as noted by CoinMarketCap at 11:00 AM UTC, suggests increased market participation and liquidity, which could lead to more stable price movements (CoinMarketCap, March 28, 2025). The TON/USDT and TON/BTC trading pairs on Binance, with volumes of $60 million and $30 million respectively, indicate robust activity across different trading pairs, providing multiple entry points for traders (Binance, March 28, 2025). The on-chain metrics, such as the 15% increase in active addresses and 20% rise in transaction volume, as reported by TON Explorer at 11:00 AM UTC, further validate the growing interest in TON (TON Explorer, March 28, 2025). Traders should consider setting stop-loss orders around the $5.00 mark, which was the support level before the recent uptick, to manage risk effectively (TradingView, March 28, 2025). Additionally, the Relative Strength Index (RSI) for TON was at 65 at 10:30 AM UTC, indicating that the token is not yet overbought and may have room for further upward movement (TradingView, March 28, 2025).
Technical indicators and volume data provide further insights into TON's market position. The Moving Average Convergence Divergence (MACD) for TON showed a bullish crossover at 10:15 AM UTC on March 28, 2025, with the MACD line crossing above the signal line, suggesting potential for continued upward momentum (TradingView, March 28, 2025). The 50-day moving average for TON was at $4.80, and the token's price broke above this level at 10:00 AM UTC, indicating a bullish trend (TradingView, March 28, 2025). The Bollinger Bands for TON were widening at 10:30 AM UTC, with the upper band at $5.30 and the lower band at $4.70, suggesting increased volatility and potential for significant price movements (TradingView, March 28, 2025). The trading volume, as reported by CoinMarketCap at 11:00 AM UTC, reached $120 million, a 50% increase from the previous day's volume of $80 million, indicating strong market interest (CoinMarketCap, March 28, 2025). The TON/USDT trading pair on Binance saw a volume of $60 million, while the TON/BTC pair recorded $30 million in volume during the same period, showing diversified trading activity (Binance, March 28, 2025). On-chain metrics, such as the 15% increase in active addresses and 20% rise in transaction volume, as reported by TON Explorer at 11:00 AM UTC, further support the bullish sentiment around TON (TON Explorer, March 28, 2025).
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