CandleFocus Toncoin (TON) Holders Dump Their Bags, Price Sets $4.42 Target
2024-10-01
Author: Content Editor
The Open Network (TON) has seen a significant increase in user demand, but users are hesitant to hold its native coin, leading to selling pressure. TON's technical analysis suggests a potential 24% decline to $4.42. The surge in demand was driven by a token airdrop and resulted in a record number of transactions and active users. However, TON's native coin has experienced a 4% decline in the past three days, and indicators suggest weakening buying pressure. If buying activity continues to decrease, TON's price could fall to $4.42, but if demand increases, the price could climb to $7.37.
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