Toncoin (TON) has increased by 14% — can it exceed the $4 level?

$TON The cryptocurrency Toncoin, associated with 'Telegram', has become one of the leaders in the crypto market over the past two weeks, increasing by 14% since July 24.

The price of Toncoin is poised for further growth.

According to Coinglass, the liquidation heatmap for TON shows a significant concentration of liquidity around $3.77.

Heatmaps are tools that help traders identify levels where large liquidations are likely to occur. They highlight areas of high liquidity, with brighter areas indicating a greater likelihood of liquidation.

For TON, the liquidity cluster around $3.77 attracts traders looking to buy or close short positions. This could provoke a new price increase in the near future.