CandleFocus Toncoin To Confront Mega 46.19 Million TON Sell Wall Zone
2024-11-23
Author: Content Editor
The price of the cryptocurrency Toncoin (TON) is facing a major obstacle in surpassing the $5 range due to a large number of TON being sold. Despite recent modest growth, TON is ranked as the 13th-largest cryptocurrency by market capitalization. Toncoin has gained traction and increased adoption through collaborations with companies like Tether and Telegram. However, a significant number of TON holders are currently at a loss, and a large resistance level at $5.69 to $6.05 could hinder further price increase. Toncoin's price has been stagnant, and low trading volume has raised concerns. Despite this, TON's stablecoin supply has increased, and partnerships are being formed to develop a growth hub that could drive price surges and recovery for TON.
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