TON faces a double test: regulatory pressure and market sentiment fluctuations
As part of the TG ecosystem, TON's price trend is particularly noteworthy. Recently, although the ecosystem in which TON is located is suffering from increasing regulatory pressure, the price of the token has unexpectedly maintained an upward trend, which to some extent challenges the market's conventional expectations.
Under the shadow of regulation, TG is forced to take action to deal with the challenge of illegal activities. Due to the abuse of the platform's search function, TG is facing strict regulatory requirements from regions such as India and has to disclose information such as the IP addresses of violating users. This move undoubtedly poses a test to TG's privacy protection policy and adds uncertainty to TON's future trend.
However, against this background, TON's price has once again broken through the key resistance level of $5, showing the market's continued recognition of its value. However, market sentiment is undergoing subtle changes. Data shows that TON's funding rate has turned negative, which is generally regarded as a bearish signal, indicating that shorts are gaining the upper hand.
At the same time, the behavior of large holders is also worth paying attention to. Data shows that the net flow of large holders has dropped significantly in the past week, which further exacerbates market concerns about TON's short-term trend. The withdrawal of large holders is often seen as one of the signals of the market top, indicating that the price may face the pressure of a correction.
From a technical point of view, TON encountered a strong resistance level near $5.68, which limited its further room for growth. If market sentiment continues to deteriorate, the price of TON may fall below this support level and seek lower price support. However, the possible rebound opportunities in the market cannot be ignored. If TON can successfully break through this resistance level, its price is expected to climb further to a higher level.
TON is currently facing the dual test of regulatory pressure and market sentiment fluctuations. Although its price has risen recently, there is still great uncertainty about its future trend. Close attention should be paid to changes in market dynamics and regulatory policies to make more informed investment decisions.
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