The price trend of $TON is worrisome, with significant selling pressure and high risk of price decline.
The recent performance of TON coin is truly a love-hate relationship, with both gains and losses. But to be honest, the latest data suggests that the situation is not very optimistic. The trading price of TON coin is approaching a level with enormous selling pressure, which could lead to further declines.
Although I know that the market always has its ups and downs, and there is a possibility of recovery, the current situation is indeed concerning. TON coin is struggling at a key price point, seemingly finding it difficult to break through. Especially the resistance level at $5.009 feels like an insurmountable wall, causing the price of TON coin to stagnate, and it may even decline.
Moreover, there is data indicating that many people are preparing to sell TON coin at this position, with sell orders worth up to $80.9 million. With so many people wanting to sell, how can the price of TON coin not drop?
What’s even more troubling is that the number of open contracts has been declining, indicating reduced market participation, making the price of TON coin more susceptible to downward pressure. And those bullish traders who have suffered losses due to prices moving against expectations, some have already been liquidated.
However, it’s not all bad news. Recently, some investors may have started to see the long-term potential of TON coin and have chosen to withdraw TON coin from exchanges instead of selling. This may have supported the price of TON coin to some extent, preventing it from falling too harshly.
That said, the downward trend of TON coin is still quite apparent. If this outflow trend cannot be sustained, TON coin may need to continue to decline. So, friends investing in TON coin, be careful, manage your risks well, and don’t let yourselves incur too much loss.
Recently, I plan to ambush a potential coin that is ready to explode, doubling it should be quite simple, and I am also preparing to find some potential coins to hold until the end of the year, with an expected growth of over 10 times being quite feasible. If you want to keep up, like + leave a message for a free share.
