$TON Analysis: Major Breakout Potential Ahead - BeinCrypto Analytics

Toncoin (TON) is nearing a critical price threshold, currently at $5.54, down 33% from its all-time high. However, data suggests a possible recovery.

The Global In/Out of Money (GIOM) shows 3.78 billion tokens bought at an average of $1.98 are in profit, providing strong support. Over 30 million addresses hold 222 million TON tokens at a loss, purchased between $5.78 and $8.18.

The liquidation heatmap indicates a potential move to $6, with increased buying pressure possibly pushing the price to $7.45, leading to around $1.22 billion in profits.

Fluctuating between $5.45 and $5.55, Toncoin displays bullish control, supported by positive readings on the Bull Bear Power (BBP) and rising Chaikin Money Flow (CMF). If momentum continues, targets of $6.48 or $7.27 may be achievable, though a decline could pull the price back to $4.95. #tonecoin