"TON's NMR Metric Sparks Debate: Undervalued Opportunity or Bull Trap?"

TON, currently valued at $3.80, has sparked debate among investors about its potential as an undervalued opportunity or a bull trap. The coin's NMR metric has historically indicated undervaluation, suggesting that TON might be trading below its true potential. This could present a prime "dip-buying" opportunity for strategic investors.

Historically, a low NMR has preceded strong rebounds, hinting at a possible market bottom. Undervaluation often translates into opportunity, as traders look to scoop up assets trading below their intrinsic worth. If momentum shifts, Toncoin could be primed for outsized returns.

TON is now 47% off its post-election peak of $7.20 and struggling below the $5 support zone, with the RSI plunging to an ‘extreme’ low too. This could be the setup for a breakout, but other indicators tell a different story. TON's trading volume, which soared past $1 billion after the election rally, has now plunged to just over $100 million. Despite new capital flowing into the broader market, TON's daily active addresses fell to a yearly low too.

With over half of its "Trump pump" gains erased and only 4% of holders still in profit, TON is at a make-or-break moment. If it fails to hold above $2, $13.30 billion worth of TON could be at risk of a massive sell-off. While consolidation alluded to a bullish setup, buyers haven't fully scooped the dip. Hence, a breakout to $5 might be a long shot. Right now, avoiding a deeper pullback is the real battle.