CandleFocus These 2 Crucial Factors Could Drive Toncoin (TON) to $6
2024-10-06
Author: Content Editor
Toncoin (TON) has been struggling to break through the $6.00 barrier and has seen an 11% decrease in its price. Less than 3% of investors are currently in profit, which could be a bullish sign for the cryptocurrency as there is low selling pressure. Technical indicators are showing signs of recovery, with the Chaikin Money Flow (CMF) indicator indicating a bounce back in inflows. Toncoin is attempting to reclaim $5.37 as support, which could lead to a rise towards $5.96. However, any profit-taking by investors could disrupt the bullish momentum and delay further gains.
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