CandleFocus Toncoin (TON) Short-Term Holders Look to Save the Telegram Coin After 17% Decline
2024-10-28
Author: Content Editor
The price of Toncoin (TON) has dropped by 17% in the last 30 days, falling below $5. However, there are indications that the price could recover as short-term holders of TON have increased their holding time, suggesting they believe a rebound is imminent. Additionally, large holders of TON have not been sending their tokens to exchanges, indicating they are holding back on selling. The Money Flow Index (MFI) for TON is also rising, indicating increased buying pressure. If these trends continue, TON's price could potentially rise to $6.15, but if short-term holders decide to sell, the price may slide back to $4.46.
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