The popular analytics platform, CryptoQuant has provided a new signal suggesting that TON is due for a volatility spike. In a recent X post, the platform focuses on the fact that TON is now in a low volatility state, but a sharp change is expected in the near future.
TON has been trading at its near-record high but has displayed more stability in the last few months even being almost at ATH. This stability can be seen from the upward trend in price while the volatility is decreasing, as can be seen from the blue bars in the chart below.
TON’s Price Trends and Forecast
The data indicates that the current price range is slightly narrow as compared to the last 60 days. In the past, low-volatility environments have been succeeded by periods of high volatility and vice versa. Hence, following the current trends, an increase in the volatility is expected in the near future.
CryptoQuant’s analysts suggest relying on the other on-chain metrics to foretell the possible direction of this expected volatility. The analytical platform has furnished a complete set of these metrics and has appealed to the community to get ready for the next market shifts.
The present stable phase of TON is quite interesting given that this token is known for its high volatility. The price has been gradually rising while the volatility is decreasing, meaning that the market is entering a consolidation stage. This consolidation is very important as it usually defines the direction of a strong price movement up or down.
Market analysts pay close attention to various on-chain metrics including trading volume, active addresses, and transaction counts. These indicators give a detailed analysis of market sentiment and the direction that the prices may take.
Other cryptocurrencies have also been characterized with low volatility and then sudden large price swings just like Bitcoin. Analyzing the history of the different digital assets, it has been seen that after a period of consolidation the prices either crash or spike. Thus, the current phase of TON could be characterized as a turning point for investors.
CryptoQuant’s observation of the volatility spike of TON is an important lesson that the cryptocurrency market is ever-changing. Thus, by using on-chain metrics and staying informed, investors will be able to manage the shifts in the near future. Thus, the market is poised for this possible volatility expansion, and being ready and planning ahead will be critical in making the most of the situation.