- Toncoin (TON) rose 5.17% in 24 hours to $6.89, despite a 53.83% drop in trading volume.
- TON’s market cap climbs to $16.73 billion, up 4.96%, signaling strong investor confidence.
- Whale transactions over $100k surge 237%, hinting at potential major market movements.
The Toncoin (TON) price has been bullish in the last 24 hours, exhibiting a notable upward trend. During this trend, the price rallied from a low of $6.60 to a peak of $6.93, suggesting sustained buying interest and a positive market sentiment. As of press time, TON was trading at $6.89, a 5.17% surge from the intra-day low.
Concurrently, the trading volume for Toncoin has decreased by 53.83%, which suggests that traders are exiting positions as they take profits from the recent uptrend. However, the TON’s market capitalization has increased by 4.96% to $16.73 billion. This growth in market cap suggests that investors are still confident in the long-term potential of TON despite the recent decrease in trading volume.
TON/USD 24-hour price chart (source: CoinMarketCap)
Analysts say Toncoin trades within an ascending channel, indicating a bullish trend. The current consolidation zone ar…
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