Toncoin (TON) Exhibits Accumulation Signals as Whale Movements Fuel Rally Potential

Toncoin (TON) is showing impressive stability at $2.89, maintaining strong support above the critical $2.83 level. Market analysts observe increasing buyer activity in this range, with the $2.83-$2.89 zone demonstrating consistent demand despite wider market fluctuations.

Glassnode's latest data highlights significant token concentration, with 2.98 billion TON distributed across four key price ranges between $2 and $4. The largest accumulation cluster appears at $2.01-$2.05, holding 1.32 billion TON. Notably, a single whale controls 863 million TON in the $2.91-$2.98 range, exhibiting a strategic long-term accumulation pattern.

Technical analysis suggests upside potential if TON breaks through the $3.00 resistance level, with subsequent targets at $3.39, $3.60, and $3.90. A push to $4 WOULD represent a 37% increase from current prices, potentially realizing substantial gains for early accumulators.