Toncoin (TON) has increased its value by 8.15% recently, reaching $5.26 for the first time since October. This price recovery has helped regain confidence among holders, with the number of those experiencing losses decreasing.
The Historical In/Out of Money analysis reveals that 22.81% of Toncoin holders are now in profit, whereas 18.31% have broken even. Currently, 58.88% remain out of the money. This variation indicates potential market momentum and influences buyer or seller dynamics.
A rise in profitable addresses suggests stronger buying momentum, encouraging more participants to buy, potentially decreasing the percentage of holders out of profit. The Money Flow Index supports this trend as it indicates increased buying pressure.
Despite a resistance at $5.28, Toncoin may rally towards $6.15 if the current support at $4.92 and $4.78 holds. However, if these supports fail, the price could decline to $4.46, affecting the bullish outlook.
