The analysis of Toncoin shows dynamic behavior of the cryptocurrency focusing on key accumulation zones and price movements.
Focus on Accumulation Zones
Cost Basis data highlights investor concentration in the price range between $1.90 and $2.30, creating a reliable support zone amid volatility. Over 863 million TON was acquired between $2.91 and $2.98, indicating disciplined accumulation by a long-term holder or coordinated entity.
Toncoin Market Structure
According to a report by Glassnode, Toncoin is consolidating near $2.84 after peaking above $7. Low liquidity zones above $5 hint at possible future price volatility. The current market tone for Toncoin is neutral-to-bearish, following a steep correction after mid-2024 highs.
Investor Behavior in the Market
Glassnode's heatmap displays four concentrated cost basis clusters: $2.01–$2.05 (1.32B TON), $2.18–$2.22 (535M TON), $2.91–$2.98 (863M TON), and $3.83–$3.87 (261M TON). These clusters represent strong historical entry points. The most intense supply zones remain between $1.90 and $2.30, marking structural support levels, with many wallets still in profit.
The analysis of Toncoin emphasizes key accumulation zones and significant support levels, potentially guiding future price movements. Investors remain confident amid corrections, as evidenced by the high volume of accumulated assets.
