TON: rally to $6 begins?
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.
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.
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