Toncoin (TON) is nearing the critical price level of $6.00, buoyed by market momentum. The altcoin is expected to break the $5.83 barrier due to minimal resistance, with stronger support between $5.48 and $5.65.
Market data shows weak demand around $5.83, implying an easier path upward. However, the decline in active addresses over the last 11 days suggests that investor confidence might be waning.
Toncoin's current price of $5.77 is close to breaking the $5.96 resistance level. A successful breach could see prices hitting $6.00, although resistance at $6.36 might be tougher to overcome, making $7.00 a long-term target.
Overall, the market sentiment is bullish, but decreased participation and profit-taking at current levels could limit further upward movement.
