Decoding the Patterns: TON’s One-Month Technical Analysis Unveiled!
In this report, we will analyze the price movements of TON (Token) over the past month, considering technical indicators and news sentiment to identify the reasons behind the observed trends.
TON Price Prediction
Price Movements:
Over the past month, TON’s price has shown a positive trend, with a 7-day price change of +13.93%. However, in the last 24 hours, the price has experienced a slight decline of -0.94%. The current price stands at $5.8875.
Technical Indicators: TON Price Prediction
KDJ Indicator:
- Bullish Pattern: Golden Cross
- Occurrences: 14 times
- Signal Accuracy: 28.57%
- Bearish Pattern: Death Cross
- Occurrences: 21 times
- Signal Accuracy: 47.62%
BOLL Indicator:
- Bullish Pattern: Lower Band Touch
- Occurrences: 23 times
- Signal Accuracy: 43.48%
- Bearish Pattern: Upper Band Touch
- Occurrences: 20 times
- Signal Accuracy: 55%
MACD Indicator:
- Bullish Pattern: Golden Cross
- Occurrences: 25 times
- Signal Accuracy: 44%
- Bearish Pattern: Death Cross
- Occurrences: 24 times
- Signal Accuracy: 58.33%
RSI Indicator:
- Bullish Pattern: Oversold
- Occurrences: 50 times
- Signal Accuracy: 64%
- Bearish Pattern: Overbought
- Occurrences: 91 times
- Signal Accuracy: 47.25%
News Sentiment:
The sentiment of news related to TON is not provided in the given data source. Therefore, we are unable to analyze the impact of news sentiment on price movements.
Funding Analysis:
According to the data from Bybit, the major whale traders’ position direction for TON is bearish, with a long/short ratio of 0.5:1. This indicates that the large traders have a slightly more bearish outlook on TON.
Market Sentiment Index: TON Price Prediction
The Market Sentiment Index for TON is 68, which falls within the range of “Greed.” This suggests that market participants have a relatively positive sentiment towards TON.
Capital Inflow and Outflow:
In the last 24 hours, there has been a net outflow of 35,129,645U from TON. This indicates that more funds have been withdrawn from TON compared to the inflow of 31,059,150U.
Conclusion:
Based on the technical indicators, TON has shown bullish signals in terms of KDJ, BOLL, MACD, and RSI. However, the accuracy of these signals varies. The funding analysis indicates a bearish position direction from major whale traders. The Market Sentiment Index suggests a relatively positive sentiment towards TON. The net outflow of funds in the last 24 hours indicates a withdrawal of funds from TON. TON Price Prediction
Please note that this analysis is based on the provided data source and may not capture all factors influencing TON’s price movements. It is recommended to consider additional information and conduct further analysis before making any investment decisions.