The Surge of Toncoin (TON) Price: Investors Bullish on New All-Time High
Positive Signals Boost Confidence
Toncoin (TON) has experienced a resurgence in price, driven by positive signals and growing confidence among investors. Many Toncoin holders are optimistic about the possibility of reaching a new all-time high (ATH) this month.
Investors Shift to Long-Term Holdings
One notable indicator of investor confidence is the transfer of supply from short-term investors to medium-term holders. This shift towards medium-term holdings, with 4% of TON’s supply now held by investors for more than a month but less than a year, reflects a desire for sustainable returns.
Predictions for Toncoin Price
Currently trading at $7.30, Toncoin is aiming to surpass the $7.53 mark and establish it as support. This move could pave the way for a rally towards $8.28 and a new ATH. However, failing to break $7.53 may lead to a drop to $7.07, jeopardizing the bullish momentum.
Overall, the outlook for Toncoin remains positive, with investors eagerly anticipating new highs and a potential repeat of previous ATHs. As the market continues to show strong liquidity and increased online participation, Toncoin’s price trajectory looks promising.
