Toncoin (TON) is presenting a promising buying opportunity, being 35% below its all-time high, as analysis indicates a favorable accumulation zone.
TON has struggled to reach the $8 mark but on-chain analysis suggests potential to achieve this by the end of 2024, particularly given its current price of $5.29.
The Sharpe ratio, a metric indicating low-risk, suggests that Toncoin currently offers attractive risk-adjusted returns.
Experts, however, recommend caution before significant investment, advising potential buyers to wait for low-risk signals.
Positive signs include rising Daily Active Addresses and decreased divergence, indicating increased user engagement and potential support for price growth.
If TON can surpass the $5.52 level, it could rally to $6.19 and potentially $7.27, reflecting previous highs when listed by Binance.
However, resistance could see prices fall to $4.44 if certain levels aren't maintained.
