Toncoin (TON) Price Breakout Above $7 Could Open the Door to Over $1 Billion in Gains
Toncoin (TON) price could be on the verge of a major breakout. As the coin approaches this critical threshold, investors who have been holding on to losses may have reason to celebrate gains.
This analysis examines the driving forces behind Toncoinâs bullish momentum and the potential opportunities for profit that continued gains could bring for traders and long-term holders alike.
Toncoin Has Big Money at Stake
Toncoin (TON), currently ranked as the ninth most expensive cryptocurrency, is trading at $5.54, down 33% from its all-time high. However, data from IntoTheBlock suggests that Toncoin could close this gap soon. The Global In/Out of Money (GIOM) platform shows that 3.78 billion tokens were purchased at an average price of $1.98 at a profit.
GIOM helps identify support and resistance by showing the volume of tokens at profit, loss, or breakeven points. Large clusters at specific price levels indicate stronger support or resistance. It is worth noting that more than 30 million addresses hold 222 million TON tokens at a loss, purchased between $5.78 and $8.18.
