Toncoin has been in a downtrend over the past four months, but recent market dynamics suggest potential for recovery. A notable shift in holder behavior, with 77% of Toncoin addresses now holding assets for more than a month, indicates increased confidence and could stabilize prices.
As more holders become medium-term investors, market volatility decreases, providing a more stable base for future gains. With the positive funding rate further indicating market optimism, traders are betting on potential price increases.
Toncoin's current trading is focused on maintaining a support level at $4.86, crucial for recovery from recent declines. Achieving solid support at this level can signal strength for further bullish movement.
To confirm a breakout from the downtrend, Toncoin needs to turn $5.37 into a support level, which would reaffirm investor confidence and help push the price towards $6.00. Failing to maintain the $4.86 support, however, could risk a slide towards $4.61, challenging recovery prospects.
