• TON has surged over the past 24 hours by 5.26%.
• Toncoin entered a buying zone as normalized risk signaled a low-risk area.

Over the past three days, Toncoin [TON] has experienced strong upward momentum. Over this period, the altcoin has surged from a low of $4.7 to a high of $5.24.

In fact, at the time of writing, Toncoin was trading at $5.22. This marked a 5.26% increase over the past day.

Before these gains, TON had been on a downward trajectory, dipping 2.5% and 3.49% on weekly and monthly charts respectively.

The recent price pump has restored market optimism, with analysts predicting a potential upside reversal. Cryptoquant analyst Dark Fost cited the return of buying pressure as a key factor to watch.

Toncoin enters a buying zone

According to CryptoQuant, the normalized risk for TON has entered the buying zone. This has dropped below 0.2 signaling the entrants to a low-risk area.

Historically, normalized risk has played a vital role in shaping Toncoin’s price movement. Each time it reached the low-risk zone, the market tended to reverse in the mid-term.

Normalized risk has signaled low risk, and Toncoin’s Open Interest has shifted from a negative value of over -100 million to -15 million.