Toncoin (TON) has been consolidating in a range for a month now. While the market awaits a breakout in either direction, whales are betting on a rally
Toncoin (TON) has been consolidating within the range since June 15th. The price faced resistance at $8.16 and found support at $6.16.
Toncoin whales buy more tokens
Data from IntoTheBlock shows that in the last seven days, the flow of funds from large Toncoin holders has increased by more than 31,000%.
Large holders are addresses that hold more than 0.1% of the circulating supply of an asset. Net flow measures the difference between the number of coins bought by these large holders (inflows) and sold by them (outflows) over a given period.
TON Forecast: Sellers Retain Control
Sellers are in control of the situation and the price may continue to fall in the short term. In this case, Toncoin may fall below $7 to the area of ââ$6.93.
However, if the bulls start an uptrend, the price could rise to $8.32.$
