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<p style="text-align: justify">You can also read this news on COINTURK NEWS: <a href="https://en.coin-turk.com/investors-analyze-ton-coins-market-performance/" data-wpel-link="internal">Investors Analyze TON Coin’s Market Performance</a><br></p>
<p style="text-align: justify"><strong><a href="https://en.coin-turk.com/whale-movements-in-the-bitcoin-market/" data-wpel-link="internal">Bitcoin</a></strong> price is above $70,300, and altcoins have significantly recovered this week. TON Coin is trading at $6.5. Although the overall market sentiment has turned positive, TON Coin has not reached new highs. What are the current predictions? What awaits <a href="https://finance.coin-turk.com/" data-wpel-link="exclude">investors</a> at this stage?</p> 
<h2 style="text-align: justify" id="ton-coin-analysis">TON Coin Analysis</h2> 
<p style="text-align: justify">Toncoin’s price achieved significant gains while the market was still pessimistic. However, when the market started to rise, <strong>TON Coin</strong> suddenly stalled. This is not surprising because altcoins that generally diverge positively tend to experience a similar fate. As the excitement for NOT Coin waned, profit-taking in TON Coin is not abnormal.</p> 
<p style="text-align: justify">Moreover, in the long term, the risk of excessive selling is strong since 90% of TON Coin’s supply is held by a small number of investors. Looking at the Average Coin Age metric, we can see a lack of confidence among current TON Coin investors. The Average Coin Age calculates the duration each coin stays in its current address, and when this decreases, it indicates a weakening tendency to hold among investors for various reasons.</p> 
<p style="text-align: justify">On the network growth front, potential TON Coin investors do not seem to show enough interest. The Telegram-supported crypto project’s weeks-long upward journey may need to undergo a consolidation phase for further rise. Indeed, it appears that this weakening has begun.</p> 
<h2 style="text-align: justify" id="ton-coin-price-prediction">TON Coin Price Prediction</h2> 
<p style="text-align: justify"><strong>Toncoin</strong> tried to break the $7.0 resistance but failed. As a result, TON is lingering at the critical support level of $6.5. Despite BTC surpassing $70,000, the falling <strong>TON Coin</strong> is now back in the same region. While the strong improvement in overall market sentiment could help reclaim $6.5, the risk of falling to $6.2 remains in the short term.</p> 
<p style="text-align: justify"><img loading="lazy" loading="lazy" decoding="async" class="size-full wp-image-354528 aligncenter" src="https://coin-turk.com/wp-content/uploads/2024/05/TON-Coin-grafigi.png" alt="" width="1917" height="817"></p> 
<p style="text-align: justify">This downward trend could continue to $5.4 unless investor behavior changes. The reaction at the $6 support level will determine the depth of the sales. However, if there is a bounce from the $6 support or if the $6.5 support is maintained, TON Coin investors’ appetite could strengthen, and if they start accumulating again, the $7 level could be retested. In this case, the $7 level will be targeted again, focusing on the $9 target.</p> 
<h5><span style="font-weight:bold;font-size:16px">The post first appeared on COINTURK NEWS: </span> <a href="https://en.coin-turk.com/investors-analyze-ton-coins-market-performance/" data-wpel-link="internal">Investors Analyze TON Coin’s Market Performance</a></h5>

Investors Analyze TON Coin’s Market Performance

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