TON crypto’s price soared 35% following the Golden Cross on November 6, 2024, reaching $6.20. Increased volatility and rising trading volumes, especially on DEXs like STONfi and DeDust, suggest that the next rally could push the price toward $14.
TON Crypto Price Soars 35% After Golden Cross: Will It Repeat?
On November 6, 2024, we witnessed the occurrence of the Golden Cross event on the TON (The Open Network) chart. Traditionally, a short-term moving average that crosses above a long-term moving average is said to be a bullish pattern.
After the Golden Cross happened, volatility started to rise, indicating that the movements in price were becoming more volatile. TON crypto’s price soared 35% in just 18 days, from $4.60 to $6.20. This jump in volatility has typically been followed by strong price action.
Source: X
At this time, volatile periods occur with a significant increase in the realized volatility indicator. This means the market expects quite a bit more price
We współpracy z: https://www.thecoinrepublic.com/2024/11/27/ton-crypto-volatility-rises-post-golden-cross-is-14-next/
