Is Now the Time to Buy?
The price of tons of coins linked to the telegram has dropped sharply in the past month. It currently trades at $3.89, accounting for 28% of its value in the past 30 days.
This inclination has lifted tonnes to historic lows, bringing a potential accumulation phase for long-term investors.
Tons of coins Waterfall, but there is a capture
In the new ReportCrypto analyst Joao Wedson noted that Ton has reached historically low levels in standardized risk metrics (NRM) metrics, providing long-term investors with buying opportunities.
The NRM metric tracks the value of an asset by comparing its current price to a key weighted moving average. When NRM is at such a level, it indicates that the asset is traded at a historically undervalued price relative to its long-term trend.
According to Wadeson Tons of NRM It is at its lowest level in both the medium and long term, which indicates that the token is currently in the low-risk accumulation zone. This means its current price is undervalued compared to historical trends, which is an attractive entry point for investors who believe in their long-term potential.
“For investors, this situation may represent an interesting opportunity to start accumulating tons, taking advantage of a moment (or the “valuation” of the asset) minimum moment, which indicates long-to-medium-term appreciation potential” said.
Beincrypto’s evaluation of Altcoin’s market value for realization value (MVRV) using 30-day moving average confirms its undervalued status. According to Santiment, it was -12.95% at press time.
The MVRV ratio of an asset is determined to be overvalued or undervalued by measuring the relationship between its market value and realized value. When the MVRV ratio of an asset is positive, its market value is higher than the realized value, which indicates that it is overvalued.
On the other hand, like TON, when the ratio is negative, the market value of the asset is lower than its realization value. This shows that coins are undervalued compared to what people initially paid for them. Historically, negative proportions like this offer a purchase opportunity for those who want to “buy dipping sauce” and “sell high.”
Price forecast: Can it maintain momentum and reach $4.96?
Within the daily time frame Tons of benefits From the wider market rally, it is pointed out that the price has risen by 1% over the past 24 hours. If market participants increase the accumulation of tokens, then TON may maintain this upward trend in the short term.
In this case, its price could exceed the key resistance of trading at $4.17. If bullish support intensifies at this level, the value of tonnes may rise further to $4.96
Conversely, if ton holders avoid accumulation, the token may lose its recent gains, and Fall to $2.91.
Disclaimer
and Trust Project Guide, this price analysis article is for informational purposes only and should not be considered financial or investment advice. Beincrypto is committed to accurate and impartial reporting, but market conditions are subject to change without notice. Always conduct your own research and consult a professional before making any financial decisions. Please note that our terms and Conditions,,,,, Privacy Policyand Disclaimer Updated.
