Toncoin Price Prediction – Here’s What You Can Expect After Latest ATH

• TON price movement slowed down after reaching its all-time high.
• Network growth and velocity around the token fell.

Due to its growing popularity, toncoin [TON] The network managed to amass a large number of users, causing overall interest in the TON token to increase.

TONS are recovered

It was not only the activity on the TON network that increased, but its price also increased. Recently, it reached its ATH (all-time high) of $8.24. At the time of this publication, TON was trading 5.76% below its ATH.

The significant price increase has made investors extremely optimistic about the future of TON. If TON manages to retest its $8.24 resistance, perhaps there is a chance for the token to achieve a new ATH as well.

Since the beginning of May, the price of TON has been on an upward trajectory. During this period, TON price showed multiple higher highs and higher lows, indicating an uptrend.

Despite the bullish signals shown by TON, the indicators tell a different story.

The RSI (Relative Strength Index) of TON decreased significantly and fell below the 49.51 level. This meant that the bullish momentum around the TON token was running out at the time of writing.

Furthermore, the CMF (Chaikin Money Flow) has also started to fall, indicating that the flow of money into TON has slowed down.

Additionally, the Awesome Oscillator (AO) remained high. A rising AO suggests that buying pressure is increasing in the market.

Looking at on-chain data

AMBCrypto’s analysis of Santiment data also revealed that network growth around TON slowed significantly, implying that the number of new addresses willing to purchase TON at the current rate was relatively low.

Furthermore, the speed at which TON was trading fell, meaning that the frequency at which TON was trading decreased materially in recent days.

Although the future of the TON token seems uncertain, the Ton network saw significant growth.

Since Tether was launched directly on the Ton Network in April, the circulating amount of USDT has increased significantly. It has increased to $580 million, representing a staggering 76% increase in just one month.

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This significant increase in USDT has brought TON to the forefront of stablecoin acceptance, confirming its status as the sixth largest network for USDT circulation.

Additionally, the Ton network saw an increase in user activity. Daily active users increased by 300% during this period, reaching an all-time high of 632,000.

This is an automatic translation of our English version.