Toncoin poised for a breakout? Key signs suggest…

On-chain data shows rising social volume and whale transactions.has been showing strong bullish indications,suggesting a potential price surge to $7.5.

As of writing, Toncoin was priced at $6.91, marking a 3.87% increase in the last 24 hours and a 7.37% rise over the past seven days. TON market cap stands at $16.7 billion.Rising social volumes indicate long interestswhich indicated a substantial increase since late March 2024. This growing interest indicates that more investors are eyeing TON long positions, possibly anticipating a significant price rise.AMBCrypto further analyzed santiment’s Whale Transaction Count which indicated a sharp rise in whale transactions starting from early April 2024. The spikes in whale activity suggested that large investors are accumulating TON.

The support has been tested three times during this period. The most recent retest involved a retracement to fill a fair value gap at $6.0 to correct imbalances before resuming its primary trend.

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