2024

bullish

Delta

Reversal

<ul class="wp-block-list news-points">
 <li>TON’s price surged from $2.5 to $7.5 in early 2024, driven by bullish sentiment and rising open interest delta.</li>
 <li>A mid-year correction led to capital outflow and a price drop to $4, reflected in negative open interest.</li>
 <li>By September 2024, both price and open interest delta showed signs of recovery.</li>
</ul>
The latest TON market trend shows a shift in investor behavior and a possible influence on the asset’s value. According to <a href="https://cryptoquant.com/insights/quicktake/66f634aa66b931521b993372-The-TON-Market-Where-Optimism-and-Pessimism-Collide" target="_blank" rel="noopener noreferrer nofollow">Cryptoquant</a>, TON’s 30-day open interest delta is now positive while the funding rate remains negative.
This shift points to important dynamics that could influence TON’s price in the coming weeks. The Ton Open Interest Delta <a href="https://cryptoquant.com/community/dashboard/6644c593f3cac64b8537d0fc" target="_blank" rel="noopener noreferrer nofollow">chart</a> from December 2023 to September 2024 shows notable patterns in market activity.
From December 2023 to March 2024, TON’s price saw a gradual decline, remaining below $2.5. During this time, open interest remained relatively low, with only minimal fluctuations, signaling limited futures activity.
<h2 class="wp-block-heading" id="h-price-surge-and-increased-open-interest">Price Surge and Increased Open Interest</h2>
In late March 2024, TON experienced a <a href="https://coinedition.com/ton-dex-activity-soars-ston-fi-dominates-as-investor-interest-grows/" rel="noopener noreferrer nofollow">rapid price surge</a>, rising from below $2.5 to nearly $6.5 by April. This period featured a strong increase in the open interest delta, su…
The post <a href="https://coinedition.com/ton-open-interest-turns-positive-signaling-potential-reversal/" rel="noopener noreferrer nofollow">TON Open Interest Turns Positive, Signaling Potential Reversal</a> appeared first on <a href="https://coinedition.com" rel="noopener noreferrer nofollow">Coin Edition</a>.

TON Open Interest Turns Positive, Signaling Potential Reversal

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