[If Toncoin (TON) price falls due to sell-off, profits worth more than $5 billion are at risk]
Investors may consider selling Toncoin, which could wipe out recent gains and make price action more uncertain in the coming days. According to the Global In/Out of the Money indicator, investors purchased approximately 793 million TON between $6.12 and $6.77, and the value of these assets is currently facing potential losses.
At the same time, an increase in active deposits indicates that investors may be preparing to sell, which is usually a sign of potential selling pressure. Although Toncoin price has fallen by 6.5% in the past three days to $6.59, if it can break the $7 resistance, it may recover further to $7.53 and even challenge the all-time high of $8.28.
Conversely, a break below the $6.43 support could see the price fall further to $6.04, extending the wait for investors to take profits and invalidating bullish expectations.
