$TON Analysis: Aiming for a $4 Billion Profit with a 7% Rise - BeinCrypto Analytics

Toncoin (TON) has shown stability above the $5.49 support level. For significant recovery, it needs to convert the $5.96 resistance into support.

The Global In/Out of the Money (GIOM) indicator reveals that about 773 million TON tokens, worth approximately $4.2 billion, were bought between $5.41 and $5.94. A breakout above $5.96 would turn these holdings profitable, potentially boosting bullish sentiment and demand.

However, Toncoin faces challenges, with active addresses falling to a five-month low, indicating reduced investor participation. To regain momentum, it must attract renewed interest from retail and institutional investors.

Currently priced at $5.61, TON is consolidating between $5.49 and $5.96. While a breakout above $5.96 could shift sentiment positively, the immediate outlook remains bearish-neutral as the token navigates this range.

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