The value of $TON on December 5, 2024, is expected to fluctuate around $7, with the current trend indicating strong upward potential. Some key factors supporting this development include:
1. Community effect and positive market sentiment: The Fear & Greed Index is at Extreme Greed (84), reflecting high investor optimism. This usually drives buying demand, creating upward price pressure  .
2. Technical support: The current key support levels for TON are $6.31 and $6.20, while the resistance levels are $6.53, $6.63, and $6.74, respectively. If resistance levels are broken, the price may continue its upward trend .
3. Trading volume and circulation: In the last 24 hours, the trading volume of Toncoin reached nearly $587 million, indicating active participation from investors. The circulation indicator shows that trading activity is vibrant, reinforcing market liquidity  .
4. Low volatility and long-term stability potential: Although the crypto market is often highly volatile, Toncoin is maintaining a low volatility level (about 9.45% over the past month). This helps build confidence for long-term investors .
Remember: Don't forget to buy @BTC25 of the Ton system
