Toncoin ($TON ) is making waves in the crypto market, with analysts closely watching its next move. Despite recent price fluctuations, $TON continues to show strong fundamentals, with over 100 million total addresses and a growing DeFi ecosystem. The network has seen a surge in HODLers, indicating long-term confidence from investors. However, a recent deleveraging trend suggests that retail investors are selling, while whales are accumulating, potentially setting the stage for a rebound.
Technical analysts believe that if TON can break above $5.78, it could trigger a rally toward $7.43 or even higher. Meanwhile, the TON Foundation’s expansion plans in the U.S. and upcoming mainnet updates could serve as additional catalysts for growth. With the broader market showing signs of recovery, TON could be primed for another bullish wave.
Are we about to witness a major #TONRally ? Keep an eye on the charts and market trends!
(Sources: Coinspeaker, The Coin Republic, Ecoonomia)
