Recent data suggests that Toncoin is showing resilience in the market, which may signify its rise to new price levels.
Current Price Situation of Toncoin
Toncoin's current price stands at $2.95, reflecting a 2.88% increase over the past 24 hours. While the overall crypto market capitalization increased by 0.43%, the price fluctuations of Toncoin exhibit growth potential, backed by retail investors.
Surge in Whale Activity
According to an update from Santiment, whale activity in Toncoin has significantly increased over the past 30 days. These transactions amounted to 923.21 million TON in the last 24 hours, reaching 1.82 billion TON in the week, indicating accumulation by major market players.
Technical Indicators and Predictions
Analysts note that current technical indicators suggest a possibility for Toncoin's price to rise to the $3.25 level, with some experts predicting a target of $3.50. The use of the TD Sequential indicator also points to a potential reversal and a new bullish cycle.
With rising whale activity and positive changes in technical indicators, Toncoin may soon break through resistance and reach new heights.
