What’s Next For Toncoin ($TON ) Price After Reaching 100 Million Holders? - CoinGape Analytics

Toncoin's price has dipped after a period of bullish momentum, affected by selling pressure in the broader crypto market. Despite this downturn, TON's user base has grown significantly, reaching 100 million holders from just 4.3 million at the year's start, driven by Telegram-based tokens like Hamster Kombat.

Currently trading at $5.21, Toncoin is down 36.76% from its all-time high of $8.24 but still up 1,233% from its all-time low. The market shows signs of weakness, suggesting a potential downward trend, though a push past the $6 resistance could drive a rebound.

The MACD indicator shows a minor bullish crossover, hinting at a potential reversal. Toncoin's growing user base may support a price recovery if bullish momentum returns, with the possibility of reaching its all-time high again in the coming months.