$TON Price Prediction: Consolidation Ahead - BeinCrypto Analytics

Toncoin is currently trading at $5.61, hovering just above the critical support level of $5.49. While this suggests that TON is holding steady, the mixed signals from the market point towards a bearish-neutral outlook. Investors remain cautious, making a significant price surge less likely in the immediate term.

Given the current sentiment, Toncoin is expected to continue consolidating between $5.49 and $5.96. This sideways movement will likely delay any breakout above the upper limit, potentially keeping the token in its current range for a while. However, if bullish momentum overtakes bearish sentiment, Toncoin could breach the $5.96 barrier. This move would trigger profits for holders of the $4 billion worth of TON supply bought between $5.41 and $5.94, thus invalidating the bearish-neutral outlook and setting the stage for further gains.