An analyst from cryptocurrency analytics firm CryptoQuant has issued a warning about the low volatility of an altcoin.
In a recent statement, a CryptoQuant analyst warned about “low volatility” for Toncoin (TON).
The analyst predicts that TON, which is currently trading near its all-time high, will soon experience a significant price movement.
Over the past few months, TON has entered a period of stability as the price has gradually increased. Interestingly, this increase has been accompanied by a decrease in volatility, as shown by the blue bars in the chart.
This pattern shows the current price range of TON narrower than the last 60 days. In the crypto world, periods of low volatility are often followed by periods of higher volatility and vice versa, the analyst said. Therefore, based on this chart, the analyst predicts TON’s volatility will increase in the near future.
However, the analyst also advised investors to use other on-chain metrics to determine the direction of this expected volatility.
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