TON Price Action Analysis Reveals Strength During American Session
CryptoNewsTerminal Staff21 May, 2024
TON Price Action Analysis Reveals Strength During American Session
Analysis: TON Shows Strength During American Trading Hours CryptoQuant analyst Maartunn has conducted an analysis of Telegram Open Network (TON) price action based on CryptoQuant's Price Change During Each Session data for various global regions. The findings indicate that TON exhibits notable strength during the American session, which coincides with prime trading hours for US investors. Maartunn's analysis revealed that TON experienced the highest average price increase during the American session when retail participation from the US is at its peak. Conversely, price action tended to be negative during European trading hours. Based on these observations, Maartunn suggests a short-term trading strategy involving going long on TON during the American session and shorting during the European session for potential profitability.
