If Toncoin (TON) Price Surpasses $7 Could Unlock Over $1 Billion in Profits

Toncoin (TON) price could be about to explode. As the coin approaches this important level, investors who are holding losses may have a chance to celebrate with profits.

This analysis XEM at the drivers behind Toncoin 's rally and the profit opportunities a sustained rally could bring to long-term traders and investors.

Toncoin has a huge amount of money at stake

Toncoin (TON), currently ranked as the ninth most valuable cryptocurrency, is trading at $5.54, down 33% from All-Time-High. However, data from IntoTheBlock suggests that Toncoin price could soon close this gap. The Global In/Out of Money (GIOM) indicator shows that 3.78 billion Token purchased at an Medium price of $1.98 are in profit.

GIOM helps identify support and resistance levels by showing the volume of Token that are in profit, loss, or Capital. Large clusters at specific price levels indicate stronger support or resistance. Notably, over 30 million addresses holding 222 million TON Token are currently in the red, having purchased between $5.78 and $8.18.

Since this volume is not as large as the accumulated volume at $1.98, Toncoin 's price could receive significant support. If confirmed, this support could push Toncoin 's price above $7.45, thereby generating $1.22 billion in profits.

Toncoin ’s 3-month liquidation heat map also points to a potential price increase. For those unfamiliar, the heat map highlights price levels where large-scale liquidations are likely to occur. The high concentration of liquidation, shown by the color change from purple to yellow, suggests a possible price move towards those levels.

In the case of Toncoin, the heatmap indicates a possible jump to $6 initially. If confirmed by increased buying pressure, the price could then rise to $7.45, resulting in the aforementioned $1.2 billion+ in profits.

TON Price Prediction : Return to $7 is Very Near

From a technical perspective, Toncoin ’s price has fluctuated between $5.45 and $5.55 today. Trading at $5.54, BeInCrypto noticed continuous green bars on the Bull Bear Power (BBP) indicator. This technical indicator estimates the strength of buyers (bulls) over sellers (bears). When the BBP is positive, bulls are in control. However, a negative reading on the indicator gives bears the advantage.

As seen below, the bulls seem to be in control. This also comes at a time when the Chaikin Money Flow (CMF) indicator is rising. Looking at the current outlook, Toncoin ’s price could be set to run towards $6.48 or as high as $7.27.

However, a decline in seller strength could pull the price back. In that case, TON could drop to $4.95.

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