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Toncoin TON News: Potential Rebound Signaled by On-Chain Data
Toncoin TON News: Potential Rebound Signaled by On-Chain Data
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[TRADE_PLUGIN]TONUSDT,TONUSDT[/TRADE_PLUGIN]
Following the inauguration of Donald Trump as President of the United States, the cryptocurrency market has faced an uncertain phase. Toncoin (TON) has recently experienced a price decline of nearly 9% over the past week, reflecting a bearish market sentiment. However, according to on-chain data, there might be a potential rebound on the horizon. Analysts, including Maartunn from CryptoQuant, have highlighted the Normalized Risk Metric (NRM) as a crucial indicator for predicting TON's price trajectory. This metric assesses market risk and could be signaling a possible recovery for Toncoin in the near future.
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