TON surges 12% in 24 hours. Will this bullish momentum break key resistance? Explore on-chain analysis and market insights.
This sudden surge has caught the eye of both traders and investors, who were monitoring the altcoin’s level to check for enough bullish strength to overcome the main trend line resistance.
According to IntoTheBlock, data indicated that more large transactions are taking place. This suggested that big players were entering the market.To add to the aforementioned surge in large transactions, holder data from IntoTheBlock confirmed that 65.12% of all TON addresses were still “in the money,” at press time, which is profitable for many investors.AMBCrypto’s analysis of the liquidation data also indicated a potential price magnet at the $6.9 level.
The Toncoin blockchain’s latest memecoin endeavor, Ton Dog , could have played a vital role in helping TON’s price rise. The latest memecoin, according to theThe description further went on to state,
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