Forecast $TON : Risk of taking profit
At the time of writing this analysis, Toncoin is trading at $5.25, having risen by 0.5% over the past 24 hours.
Whales can fuel interest in the cryptocurrency. If they increase their activity regarding TON, then retail investors will follow them. In this case, the market will look at the token's prospects with much more confidence, which will lead to an increase in buying activity and an increase in the price. Within the framework of the bullish scenario described above, Toncoin will be able to reach $6.81 - a level that the cryptocurrency has not been able to overcome since June. However, if the asset grows, investors may want to take their profits. Then, under selling pressure, Toncoin risks falling by about 18% and falling to levels around $4.42.
