CandleFocus

Toncoin Price Braces for Major Volatility as These Investors Step Back

Toncoin (TON) has been struggling to breach the $5.37 resistance level, but recent data suggests that a significant shift in its price trajectory may be imminent. The supply of TON is shifting from short-term holders to mid-term holders, which is seen as a positive sign for price stability. Technical indicators like the Bollinger Bands suggest that a potential price surge is on the horizon. If TON can breach the $5.37 level and hold it as support, a rally toward $6.00 is possible. However, if it fails to sustain its position, a drawdown to $4.86 could occur. Investors should closely monitor the market for further developments.

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