A recent analysis by Glassnode highlights significant concentrations of investors in Toncoin (TON), which could signal important price movements.
Investors' Concentration in Toncoin
According to Glassnode's analysis, 2.98 billion TON are concentrated across four major price zones, suggesting the importance of these levels for future price fluctuations.
Key Support and Resistance Zones
The total volume of TON is divided into zones: $2.01–$2.05 (1.32 billion TON), $2.18–$2.22 (535 million TON), $2.91–$2.98 (863 million TON), and $3.83–$3.87 (261 million TON). These levels serve as significant support or resistance zones.
Focus on the $2.91–$2.98 Cluster
In the $2.91 to $2.98 range, 863 million TON is concentrated, which, according to Glassnode, is controlled by a single entity. This indicates strategic accumulation activity that could lead to significant price changes.
The analysis of investor concentration in TON emphasizes important price levels that may impact the token's future dynamics. These zones could serve as essential guiding points for traders and investors.
