【Toncoin price will benefit from 77% of TON holders expiring】
Toncoin market conditions show signs of recovery potential, primarily driven by medium-term holders (MTH). Currently, about 77% of TON addresses have held for over a month, indicating increased investor confidence. The rise in MTH proportion has reduced market volatility, helping to stabilize the price base.
The positive funding rate of Toncoin indicates a bullish outlook for its price increase. If Toncoin can stabilize at the support level of $4.86 and break through $5.37 to turn into support, it will further strengthen the upward trend, aiming for $6.00.
However, if it falls below $4.86, the price may drop to $4.61, which will affect bullish expectations and could lead to further declines, forcing investors to reassess its recovery potential.
