Toncoin whales keep buying, showing strong confidence despite many holders facing losses.
Increased whale activity and derivatives volume signal potential sharp price moves soon.
Breaking $3.50 resistance may trigger a short squeeze and push Toncoin higher.
Whales have been quietly building their positions in Toncoin’s TON since 2021, steadily increasing their stakes. This steady accumulation reveals strong confidence from powerful players, despite many holders still facing losses. Such moves often hint at something bigger on the horizon. With the market tension rising and key support levels holding firm, what’s next for TON?
https://twitter.com/johnmorganFL/status/1930830723302281727?t=bVC2DdFfYASqkyjXrn1OOg&s=19 Whale Moves and Holder Sentiment The top 100 Toncoin whale addresses keep expanding their balances. This steady buying shows long-term belief in Toncoin’s value. Watching these wallets gives clues about future price shifts and market mood. Most Toncoin holders, about 71.28%, currently hold profitable positions. Meanwhile, only 11.52% remain underwater, reducing the risk of a large sell-off. Many investors bought below $3.05, a price now acting as solid support. But resistance builds between $5 and $6. Transaction numbers also tell a story. Large transfers from $1 million to $10 million jumped nearly 80%, with those above $10 million rising by 50%. Even mid-sized trades increased, signaling growing interest from both retail and institutional participants. This broad involvement adds fuel to Toncoin’s potential move. Derivatives trading volumes tell a similar tale. Volume surged 14.95% to $174.86 million, while open interest rose by 4.28% to $230.72 million. A Crucial Test Lies Ahead Toncoin’s price currently dances within a symmetrical triangle, squeezed between resistance at $3.505 and support at $3.097. Such patterns often precede big moves. Coupled with increasing whale activity and derivatives volume, a breakout seems likely. If Toncoin breaks above $3.505 with strength, it might charge toward $4.72. On the other hand, dropping below $3.097 could drag the price down to $2.28. This moment feels like a cliffhanger, where the next move will shape short-term sentiment. Though many holders remain in the red, whales keep buying, signaling a bullish undercurrent. If bulls flip $3.50 into support, Toncoin could rally sharply. Failure at this level might lead to brief setbacks. Overall, whales appear to prepare for growth rather than a sell-off. Their confidence could become the spark Toncoin needs to break free. Toncoin stands at a crossroads, with tension building like a coiled spring. The next few days could unleash a decisive move, driven by whale power and rising market interest. For traders and holders alike, watching these signals closely might reveal the path Toncoin will take. For now, rising whale activity and derivatives volume suggest a breakout could be near.
