The article examines whether profit-taking and the distribution phase will impact Toncoin (TON)'s bullish trend. Despite the current uptrend in TON's price, the falling mean coin age signifies a distribution phase. This raises questions on whether this phase is strong enough to upset the ongoing bullish momentum of Toncoin.
Recent market activities have seen shifts in TON's dynamics. Investors are keen on understanding if these shifts will lead to a major price correction or if the bullish trend can sustain itself amidst profit-taking behaviors.
In-depth analysis and market indicators suggest that although there is a phase of distribution, other bullish indicators remain strong. This leaves room for potential continuation of the uptrend, provided that the distribution phase doesn't intensify further.
The concerns surrounding TON are shared among investors who are closely monitoring the coin's mean age and overall distribution patterns, making it essential for potential investors to stay updated on the latest market developments.
