CandleFocus

Toncoin (TON) Recovery Brings 58% of Holders Closer to Profit

Toncoin (TON) has experienced an 8.15% increase in price over the past week, reaching $5.26, which has helped restore confidence in the cryptocurrency among holders. This recovery is part of a broader rebound in the crypto market, with the total market capitalization reaching $2.75 trillion. On-chain analysis shows that 21.91 million TON addresses are now in profit, representing 22.81% of all holders. This increase in profitable addresses suggests stronger buyer momentum and may encourage more participants to buy. The Money Flow Index (MFI) also supports this upward movement. While there is resistance at $5.28, the altcoin has solid support levels at $4.92 and $4.78. If these support levels hold, TON's price could rally towards $6.15, but if they are breached, the price could decline to $4.46.

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