2025-12-28 20:22:19

- Blockchain data and Toncoin derivatives indicate an improvement in market sentiment.

Brief data from CryptoQuant suggest positive outlooks, as spot and futures markets for Toncoin show massive buy orders from major investors, a slowdown in the market, and dominance of buying activity. All these factors point to an improvement in trader sentiment, hinting at a potential rise in the coming days.

On the derivatives side, the buy-to-sell position ratio for Toncoin on the CoinGlass platform reached 1.14 on Thursday, approaching its highest level in a month. This ratio exceeding one indicates optimism in the market, with traders expecting the price of Toncoin to rise.

Chart of the buy-to-sell position ratio in the TON index. Source: Coinglass

TON-3,03%

View Original

This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.

2 Likes

Reward
2
1
1
Share

Comment

0/400

Before00zero

· 12-28 20:24

The price of TONE coin has broken above the descending wedge pattern, indicating an upcoming bullish move. On-chain data and derivatives support a bullish trend with strong whale demand, increasing bullish bets, and dominance of the buy side. Technical forecasts suggest a potential upward move, as momentum indicators show the bearish trend fading.

View OriginalReply0