TON fell from the 21st of April to the 1st of May, but has been resurging since, alongside the price.in the past few days. It has gained 21.36% in the past seven days and 4.98% in the past 24 hours, based onof TON was one of the outliers in the crypto market, rising by more than 20% compared to the previous week. Could this trend continue?The social volume of TON fell lower from the 21st of April to the 1st of May but has been resurgent since then.
During this time, the Weighted Sentiment has been positive, but at press has fallen into negative territory. This indicated that some fear might be creeping into the Toncoin market. The mean dollar invested age has slowly trended upward over the past month. It indicated that the tokens were starting to become more dormant gradually, which points toward accumulation.
The dormant circulation was also minimal in the past month. The metric saw a large spike on the 10th of April and nothing since then. That spike coincided with the local top for TON. Therefore, traders and investors can keep an eye on the dormant circulation metric. A rapid, enormous spike would likely hint that a local top might be in.The performance of Toncoin in May as a top 10 asset by market capitalization should invigorate buyers. While Bitcoin fell below $60k, bounced to $65.5k and faced another rejection, TON has trended higher.The move past the 78.6% retracement level meant that the downtrend to $4.
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