The price of Toncoin (TON) has been on a downtrend for the past four months, but recent market conditions suggest a potential recovery. Medium-term holders (MTH) now appear to be driving the price, which could be a positive turning point. The shift from short-term to medium-term holding suggests an increase in investor confidence and commitment, leading to price stability. This is further supported by the positive Funding Rate, indicating that traders are betting on a price rise. If Toncoin can establish $4.86 as a solid support level and flip $5.37 into support, it could lead to a sustained rally. However, if it fails to hold the $4.86 support level, the price may slide to $4.61, potentially leading to further declines.
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