TON: rally to $6 begins?
2024-10-29

While TON’s price might have fallen below $5, IntoTheBlock data shows that the token’s Coins Holding Time has increased. Within the last seven days, this metric, which measures the amount of time a cryptocurrency has been held without being sold, is up 142%

Since it increased, it indicates that Toncoin short-term holders believe that a rebound could be close.

From the technical point of view, Toncoin is witnessing a massive rise in the Money Flow. 

A continued rise in buying pressure might drive Toncoin’s price up to $6.15.

However, if Toncoin short-term holders opt to sell some assets, this upward trajectory could be disrupted, potentially causing the price to slide back to $4.46.