Toncoin Open Interest Signals Possible Trend Reversal Ahead

• Toncoin’s Open Interest Delta is rising alongside volatility, a pattern that previously signaled potential bullish momentum in the market.
• Despite selling pressure, whales are accumulating TON, while upcoming network upgrades like “Accelerator” aim to enhance scalability and efficiency.

Toncoin (TON), The Open Network token, is now gaining popularity among investors. Recent data point to an intriguing possible reversal in prices.

Increasing Open Interest Delta: A Positive Signal?

Analysis from CryptoQuant indicates that along with a rise in volatility, TON’s Open Interest Delta has climbed. A positive Open Interest Delta suggests an increase in open contracts, which would suggest traders are growing more sure in keeping their positions.

Fascinatingly, historically notable price increases have typically followed similar trends. Does this indicate TON is about to rally?

Source: CryptoQuant

Data from Santiment, on the other hand, shows that investors with between 10 and 10,000 TON sold more than 890,000 coins since mid-2024. This stage shows that one cannot overlook the selling pressure present.

Moreover, more than 240,000 TON have been transferred to exchanges in the preceding week, which would point to possible additional selling. Can the TON price be maintained given the growing supply on exchanges?

Source: Ali Martinez on X

Market Performance and Capitalization: Where Right Now Toncoin Stand?

TON is trading about $4.89 at the time of writing, up about 1.12% in the past 24 hours. Having exceeded $12 billion in market capitalization, it ranks fifteenth on the list of biggest cryptocurrencies by value. But Bitcoin’s almost 60% dominance has put strain on other coins like TON. Can TON compete among the dominance of this crypto giant?

Whale Activity: Good or Bad?

Fascinatingly, some whales seem to perceive an opportunity even under the selling pressure. Data reveals that whales have raised their holdings with significant accumulation last week. The increase of significant holder net flows implies great accumulation, which can be a good indication of TON’s price. Still, will this build-up be sufficient to turn the bearish trend upside down?

TON’s core developers have outlined a 2025 roadmap aimed at making the network faster and more efficient. A key update, called Accelerator, promises improved node performance, limitless sharding, and clearer validator roles.

If executed well, this could speed up TON’s growth and bring in more developers and users. But at the end of the day, success will depend on how well the community embraces these changes.