Toncoin's price experienced a slight 0.2% dip during Wednesday's U.S. trading, settling at $5.2. This minor decrease has shaped a neutral candle on the daily chart, reinforcing the ongoing consolidation pattern that has been in place since early October.
Despite this consolidation, Toncoin’s potential remains positive due to the increasing number of USDT transactions on the TON blockchain. This uptick in transactions hints at a bullish reversal, possibly setting the stage for an $8 breakout.
The interaction between USDT and TON suggests a growing utility and engagement with the Toncoin network, potentially supporting a stronger price movement in the near future.
