TON Price Prediction: Will the New Adoption Trend Push TON to $6?

Toncoin (TON) showed a distinctive relationship between token valuation and user activity. There was an increase in the adoption rate of the new TON crypto.

Toncoin (TON) has shown an interesting relationship between its token valuation and user activity. There was an increase in the adoption rate of the new TON crypto. This suggested heightened interest in the network, frequently a sign of optimism.

Peaks in the New Adoption Rate have historically been associated with significant changes in the price of TON. That suggested how price dynamics are affected by user adoption.

For example, prior increases in the new adoption rate were followed by a spike in the Toncoin price. This demonstrated a rise in demand.

The new adoption boom hasn’t yet resulted in a notable price hike. That suggested that price action might be tempered by outside influences or a possible lag in market reaction.

The price has consolidated around the $6 mark. Despite this, the new adoption rate showed an inclination to move and oscillated around the $2 mark.

If this trend persists, a gradual price increase could be anticipated. This could happen as the market fully absorbs the growth implications of rising user engagement.

Toncoin (TON) Price At Press Time

TON crypto has rebounded with a 1.20% price increase in the last 24 hours. This brought its price to $5.27 at press time. The trading volume soared over 16%, reaching $201.20 Million, reflecting growing interest among traders.

The price action was confined within a defined range, and indecisiveness was observed. Furthermore, the TON crypto market cap stood at $13.40 Billion, ranking 13th in the overall crypto market.

Ranking the Top Blockchains by User Activity

Solana captured 113 Million monthly users. However, its price slipped over 24% in a month. Like TRON, the BNB chain and other blockchains attracted 13.6 million users, with BNB’s market capitalization rising by 11.2%.

Aptos stood out with 9.41 million users, affiliated with a 19.6% market cap surge. Notably, TON, which has 5.12 million users, doubled its market cap by 8.3%.

This implied a strong position within the market. That indicated a steady increase in the number of near sessions, depending on the user base.

TON Price Prediction: Is an Up Move Toward $6 Likely?

Per the daily timeframe analysis, the Toncoin price traded below the key EMAs, and a bearish price action was depicted. This happened as lower lows were exhibited on the chart.

Over the past seven days, TON crypto has corrected more than 6% and faces significant selling pressure. However, it defended the $5 support zone and consolidated within a range over the past three days. Bulls were seeking a push above the $5.50 above for a retest to the $6 mark.

The GIOM indicator showed that only 26% of the in-the-money holders were profitable at press time. At the same time, more than 77% of the holders were facing unrealized losses.

The $5.70 cluster is the crucial resistance zone, where 4.50 holders were positioned and acted as a barrier. In contrast, the bearish sentiment could trigger a downswing toward $4.50.

However, in that case, the 819 holders had bought 192.1K TON at the average price of $4.90. This could mount a significant buy wall and may negate the selloff.

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