Over $5 Billion Worth of Profits in Danger if Toncoin’s (TON) Price Loses Against Selling  

Toncoin GIOM. Source: IntoTheBlock

At the same time, the rise in active deposits suggests that TON investors might be preparing to sell. The increasing spikes in this indicator indicate a higher movement of assets from investors’ wallets to exchanges, typically a sign of potential selling pressure.

Put simply, TON holders are potentially looking to secure their gains as they have managed to recover the recent crash’s losses. The impact on the altcoin of this move however, may not necessarily be positive.

Toncoin Active Deposits. Source: Santiment

TON Price Prediction: Breaking $7 Level

Despite Toncoin’s price dropping by 6.5% in the last three days to $6.59, it appears positioned to continue its uptrend. The ongoing demand driven by expectations of $5.2 billion in profits is likely to outweigh the current profit-taking activity at these levels.

If Toncoin manages to break through the critical $7 resistance level, it could pave the way for further recovery. Surpassing this level would open the door for a potential rally towards $7.53, setting the stage for a climb toward its all-time high of $8.28.