Coin

<p style="text-align: justify">You can also read this news on BH NEWS: <a href="https://en.bitcoinhaber.net/investors-monitor-ton-coin-trends" data-wpel-link="internal" rel="noopener noreferrer nofollow">Investors Monitor TON Coin Trends</a><br></p>
<p style="text-align: justify"><a href="https://en.bitcoinhaber.net/bitcoin-reacts-to-geopolitical-news-with-significant-price-variations" data-wpel-link="internal" rel="noopener noreferrer nofollow">Bitcoin</a>‘s price recently surpassed $70,300, leading to a significant recovery in altcoins, with TON Coin trading at $6.5. Despite the overall market positivity, TON Coin hasn’t achieved new highs. What are the <a href="https://newslinker.co" target="_blank" rel="noopener noreferrer nofollow" data-wpel-link="exclude">future</a> predictions for TON Coin? What’s in store for <a href="https://finance.coin-turk.com/" rel="noopener noreferrer nofollow" target="_blank" data-wpel-link="exclude">investors</a> at this juncture?</p>
<h2 id="why-did-ton-coin-stall">Why Did TON Coin Stall?</h2>
<p style="text-align: justify">TON Coin experienced notable gains even during a pessimistic market phase. However, as the market began to rise, TON Coin’s growth halted, which isn’t uncommon for altcoins that initially diverge positively. With the waning excitement, profit-taking in TON Coin became evident.</p>
<p style="text-align: justify">Additionally, the long-term risk of heavy selling persists since a small group holds 90% of TON Coin’s supply. The Average Coin Age metric shows a lack of confidence among current investors, indicating a decreasing tendency to hold their coins.</p>
<h2 id="what-s-affecting-network-growth">What’s Affecting Network Growth?</h2>
<p style="text-align: justify">Potential TON Coin investors appear disinterested in the network’s growth. The Telegram-supported crypto’s prolonged upward trend might require consolidation for further advancement. Signs of this weakening are already visible.</p>
<h5>Key Takeaways for Investors</h5>
<ul>
 <li>The $7.0 resistance level remains unbroken for TON Coin.</li>
 <li>Current support level is crucial at $6.5, with a short-term risk of falling to $6.2.</li>
 <li>A potential downward shift to $5.4 could occur if investor behavior doesn’t shift.</li>
 <li>If the $6 support holds or there’s a bounce from $6.5, investor interest might revive, potentially targeting the $7 and $9 levels.</li>
</ul>
<p style="text-align: justify">The ongoing downward trend may persist unless there’s a shift in investor behavior. The response at the $6 support level will be crucial in determining the extent of the decline. A bounce from this level or sustained support at $6.5 could renew investor interest and drive accumulation, with the $7 level becoming a target once again.</p>
<h5><span style="font-weight:bold;font-size:16px">The post first appeared on BH NEWS: </span> <a href="https://en.bitcoinhaber.net/investors-monitor-ton-coin-trends" data-wpel-link="internal" rel="noopener noreferrer nofollow">Investors Monitor TON Coin Trends</a></h5>

Investors Monitor TON Coin Trends

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