Can Toncoin (TON) Rebound After 17% Monthly Decline?
Toncoin (TON), Telegram’s cryptocurrency, recently dipped below $5 after a 17% drop, but signs point to a potential recovery. On-chain data shows a 142% increase in the holding time of TON, reflecting rising holder confidence.
Additionally, major holders, or "whales," are holding onto their TON tokens rather than sending them to exchanges, reducing selling pressure. The Money Flow Index (MFI) is also up, suggesting buying momentum that could drive TON’s price to $6.15. However, if short-term holders start selling, TON might fall back to around $4.46. For now, TON’s data hints at optimism for a recovery.
