Toncoin (TON) Price Prediction: MTH Dominance Hints at a Potential Recovery from the Downtrend

Toncoin (TON) price has faced a persistent downtrend over the last four months, with multiple attempts to recover falling short.  Despite these setbacks, recent market conditions indicate a potential recovery, as medium-term holders (MTH) now appear to be driving the price. This shift could mark a turning point for Toncoin's price action.

Toncoin (TON) price has been battered by a persistent downtrend in the last four months, enduring several failed attempts to rally. However, recent market conditions might signal a potential recovery, as medium-term holders (MTH) appear to be driving the price now. This shift in MTH might mark a turning point in Toncoin’s price action.

Toncoin Investors Seem Bullish

Toncoin’s market sentiment seems to be stabilizing, as short-term holders (STH) slowly transition into medium-term holders (MTH). Over the last two months, MTHs’ presence has grown by 32%, with 77% of all TON addresses holding their assets for over a month. This shift from STHs to MTHs might indicate a growing investor confidence and commitment, which bodes well for price stability.

A higher MTH presence tends to reduce market volatility, as these holders are less likely to react to minor price movements. This extended holding period may help establish a steadier price foundation, increasing Toncoin’s ability to sustain upward momentum.

Toncoin’s macro momentum is further supported by a positive Funding Rate, which suggests that traders are largely betting on a price increase. When the Funding Rate is positive, it indicates that traders are paying a premium to maintain long positions, reflecting an optimistic outlook on Toncoin’s potential for growth. This sentiment could act as a catalyst for TON’s price, with traders’ bullish positions signaling confidence in the asset.

With the majority of traders betting on a Toncoin rally, the overall market sentiment seems to be leaning toward optimism. Positive Funding Rates often serve as an indicator of an anticipated price movement, as traders invest in the asset’s upward momentum. For Toncoin, this trend could further support the altcoin’s attempt to break out of its current downtrend.

TON Price Prediction: Breaking Downtrend

Currently, the Toncoin price is trading at $4.91, aiming to establish $4.86 as a strong support level. Securing this floor is key for TON, as it provides a base from which the asset could attempt to rally. Holding above $4.86 would indicate the strength needed for further bullish action.

As the asset aims to break the downtrend line, it must also flip $5.37 into support to confirm a genuine breakout. This would demonstrate a stronger commitment to the upside, increasing the possibility of a sustained rally toward $6.00. A successful flip of $5.37 would mark a significant step for Toncoin, reflecting growing investor confidence.

However, if Toncoin fails to hold the $4.86 support level, it risks falling to $4.61. Dropping below this point would invalidate the bullish outlook, potentially leading to further declines. This scenario would challenge Toncoin’s upward trajectory, forcing investors to reconsider the potential for recovery.