Summary
- It was reported that the Sharpe ratio of TON is declining, indicating a signal of market stabilization.
- It was analyzed that the price of TON is 20-30% lower than its all-time high but is transitioning into a recovery phase.
- It was stated that the current price of TON is trading at $5.6, up 3.69% from the previous day.
The Sharpe ratio of TON has come down from its peak, raising the possibility of price recovery.
On the 24th (local time), CryptoQuant author ShivenMoodley reported, "The Sharpe ratio of TON has slightly declined from its peak at the end of 2024, indicating a signal of market stabilization."
The author further analyzed, "The price of TON remains 20-30% lower than its all-time high, and it has not yet recovered its previous peak. However, the market is transitioning into a price recovery phase."
Meanwhile, TON is currently trading at $5.6 on CoinMarketCap, up 3.69% from the previous day.
Suehyeon Lee
shlee@bloomingbit.ioI'm reporter Suehyeon Lee, your Web3 Moderator.
