CryptoQuant analysis suggests that TON (Toncoin) is entering a low-risk phase, indicated by its Normalized Risk Metric (NRM) approaching the blue zone. This potentially presents a strategic buying opportunity for investors. The report also highlights the growing adoption of the TON blockchain, with a rise in new users joining the network. TON's price has been consolidating since late August, but recent upward momentum suggests a potential breakout with targets of $6 and $7.
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Toncoin began to rise after hitting support at a low of $4.99 on Jan. 13 and is now on track to see three out of four days in the green since then.
TON Toncoin Cryptoquant Normalized Risk Metric Price Surge Blockchain Adoption
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