Toncoin (TON) to Hit $8? 8 New Bullish On-Chain Metrics Indicate a Breakout
Will Toncoin (TON) finally break through the $8 barrier? Despite struggling since July to reclaim the elusive $8 level, after hitting an all-time high of $8.25 on June 15th, a confluence of eight new bullish on-chain metrics suggest a potential rally is on the horizon. This analysis explores the key indicators driving growth and influencing TON’s price performance.
Key On-Chain Indicators Pointing to Bullish Momentum
While the TON price has declined for nearly five months, several bullish signs are emerging. Key on-chain indicators also paint a picture of potential opportunity. Discover the key metrics driving growth, including:
- Net Network Growth: One of the key on-chain indicators indicating bullish results for the asset is net network growth. This metric for TON is currently at 3.09%. This indicates that more people are joining the Toncoin network, suggesting increasing adoption and demand.
- Normalized Risk Metric (NRM): The Normalized Risk Metric (NRM), which evaluates TON’s valuation relative to historical moving averages, highlights Toncoin’s relative undervaluation.
- Rising Sharpe Ratio: Toncoin’s rising Sharpe ratio, combined with technical and on-chain signals, hints at a potential rally. This suggests that the risk-adjusted returns for Toncoin are becoming more attractive to investors.
- Technical Breakout Signs: Toncoin’s price action is showing bullish signs, with a breakout above key resistance levels being a possibility.
In this analysis, BeInCrypto explores how these on-chain metrics are influencing TON’s underperformance and what they could mean for its price going forward. The short-term bullish pattern and Toncoin combine to increase upward price pressure.
Toncoin (TON) Outlook
Could Toncoin hit $8 soon? The convergence of these eight bullish on-chain metrics provides strong evidence that a breakout is likely soon. Keep an eye on TON as it attempts to reclaim $8 and potentially reach new highs. Toncoin (TON) has had an explosive year in 2025. Stay informed and watch for further developments.