TON’s record-low volatility signals a calm market phase, but historical trends suggest potential for major price swings ahead.
Toncoin TON $3.21 24h volatility: 1.2% Market cap: $8.07 B Vol. 24h: $118.38 M has recently experienced a strikingly low volatility. According to CryptoQuant analyst “joaowedson”, the annualized realized volatility for the cryptocurrency over 7 and 30 days has reached record lows. This suggests that the token is in a period of stagnation, but such calm often precedes stormy market movements.
Annualized realized volatility, a metric that analyzes daily price fluctuations over a set period and projects them yearly, is an essential tool for understanding market sentiment.
TON holds the 16th spot among cryptocurrencies, with a market capitalization of $12.48 billion and a 24-hour trading volume of $498 million. In comparison, HBAR, ranked 15th, has a significantly higher daily trading volume of $1.5 billion, while SHIB, in 17th place, boasts $1.7 billion in trading activity. This highlights reduced investor activity or interest, but historically, such lulls have been precursors to sharp price shifts.
TON Price Movement
At the time of writing, TON is trading at $5.17, showing no significant gains or losses in the past 24 hours, per CoinMarketCap data. In the past month, the token has recorded a 6% downfall in its value. However, TON has delivered a 130% price surge over the past year, underscoring its long-term growth potential.
The low volatility phase places TON in a descending triangle pattern, with crucial levels defining its near-term trajectory. The resistance trendline looms large. Any breakout above this level could signal the beginning of a robust upward trend. On the other side, a dip below the $5.14 support level may present strategic buying opportunities for investors eyeing long-term positions.
The analyst explains that historical patterns set TON for upward price action. However, he also suggests a cautious approach and close monitoring of additional indicators before confirming positions. Moreover, crypto traders on X suggest that as capital begins rotating into other altcoins, the TON ecosystem will likely experience significant momentum.
Massive Growth on the Blockchain
Beyond its price action, TON’s blockchain has seen massive growth in 2024. The total value locked (TVL) on TON skyrocketed 14-fold in the past year, currently sitting at $263 million, according to DeFiLlama. The introduction of native USDT on TON in May 2024 played an important role in driving user adoption, with USDT now accounting for 69% of all stablecoins on the network.
Decentralized exchange STON.fi has emerged as a cornerstone, processing 41% of all USDT transactions and outperforming centralized platforms like Bitget. This underscores the growing preference for decentralized finance (DeFi) solutions among TON users.
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