Summary
TLDR: TON’s daily trading volume has reached a record high of $314 million, indicating a bullish trend and potential for price gains. However, 95% of holders are currently profitable, raising concerns about a potential sell-off. Technical analysis suggests a bullish outlook, but caution is advised as potential selling pressure may arise. Investors should monitor support levels and adjust their strategies accordingly.
Key Points
1. TON’s daily trading volume has surged to new all-time highs, surpassing $314 million, indicating a strong correlation between trading volume and price movements.
2. Over 95% of TON holders are currently profitable, the highest level since 2021, which could potentially lead to selling pressure in the market.
3. The technical analysis of the 4-hour chart for TON suggests a bullish outlook, with EMAs and current price position providing positive signals, but traders should be aware of potential support levels and adjust their strategies accordingly.