TONCOIN (TON) surged more than 50% last week due to the news that Tongram’s founder Pavel Durov was approved to leave France to Dubai.
Tone/USDT weekly price chart. Source: TradingView
After Ton’s optimistic reversal, especially $ 2.35, in the lowest level in a year, crypto analyst Crypto Patel emphasizes long -term investors, raising the main price level.
Ton is watching 100% rally in 2025
As Crypto Patel pointed out, Ton’s price is “perfectly popped out” at the level of about $ 2.50.
In addition, the support is within the $ 2.40-3.00 area used as a resistance in December 2022, December 2022 and September 2024, September 2024, September 2024. Analysts argue that the region has now served as a “great entrance area” that cited a continuous rebound of tone in the same range.
Tone/USDT weekly price chart. Source: TradingView/Crypto Patel
The decisive reaction of the $ 2.40-3.00 district aims to resist tones in the next few weeks, which can be raised to $ 5 from June or July.
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The upward view matches the Falling WEDGE setting of the Analyst Profit Mind, and it is expected to grow towards a $ 6 upward goal if the toncoin price exceeds the WEDGE’s upper trend line.
Tone/USDT daily price chart. Source: TradingView
The falling weds are usually solved when the price is generally higher than the top trend line and rises by the maximum height of the pattern.
Analyst passwords anticipate billions of dollars in reversal in the tone market and cited a large amount of relative intensity index (RSI) as a major catalyst for long -term long -term accumulation.
source: 100 billion encryption
Toncoin’s Sharpe ratio, a financial indicator used to measure the risk adjustment of assets, further represents the bold conditions of the ton market.
As of March 16, the average ratio of 180 days fell to less than -25 as shown in blue. In the past, as shown in the late 2022 and mid -2023, Ton had a great optimistic reversal when the Sharp ratio turned blue.
Tone Sharp ratio (180 days). Source: cryptoquant
Tone shorts are dominant
In the derivative market, Toncoin witnesses the revival of the Open Interest (OPE). This is a metric that tracks the total number of unstable tone contracts such as options and gifts.
As of March 16, Ton’s OI was about $ 161.2 million, compared to $ 8,75 million just five days ago.
Ton FutureS ‘OI and Funds Support Fares. source: Coinglass
On the contrary, Ton’s weekly funding fee is focused on negative territory. After plunging to -0.678%on March 16, it rose slightly to positive territory.
As the OI increases, the rate of financing is often negative, and often reflects the weak feeling of aggressive paragraphs. If the Toncoin price drops to $ 2.54, BYBIT’s 30 -day liquidation map tracking ton/USDT will be in danger of nearly $ 10 million in long liquidation.
BYBIT TON/USDT Closed 30 days. source: Coinglass
On the contrary, according to the same liquidation map, if Ton flies $ 4, a short position worth $ 12 million may be in danger.
As this scenario progresses, the co -sale of the forced repurchase can accelerate the upward exercise of Toncoin to send the price to the above level.
This article does not include investment advice or recommendation. All investment and trading measures include risks, and the reader must do his own research when making a decision.