TLDR
- Toncoin (TON) is holding steady at $2.89 above key support at $2.83, showing signs of accumulation
- Glassnode data reveals 2.98 billion TON tokens clustered in four major price zones between $2-$4
- A breakout above $3.00 could trigger rallies toward $3.39, $3.60, and $3.90 resistance levels
- Single entity holds 863 million TON tokens in the $2.91-$2.98 range with long-term accumulation pattern
- Price increase to $4 would represent a 37% surge from current levels
Toncoin is trading at $2.89, maintaining stability above a crucial support level at $2.83. The cryptocurrency has shown resilience despite recent market volatility.
The current price action suggests growing buyer interest in this range. Market data indicates the $2.83-$2.89 zone has consistently attracted strong demand from investors.
Recent analysis from Glassnode reveals striking data about TON’s distribution. A massive 2.98 billion TON tokens are concentrated across four key price zones between $2 and $4.
Cost Basis Distribution for $TON reveals four key supply clusters:
⢠$2.01â2.05 (1.32B TON)
⢠$2.18â2.22 (535M TON)
⢠$2.91â2.98 (863M TON)
⢠$3.83â3.87 (261M TON)These levels represent zones of investor cost concentration – potential support/resistance. pic.twitter.com/bYtfLOsMgF
— glassnode (@glassnode) June 25, 2025
The largest cluster sits in the $2.01 to $2.05 range, where 1.32 billion TON are held. Another 535 million TON are positioned between $2.18 and $2.22.
Supply Concentration Creates Technical Levels
The most interesting concentration appears in the $2.91 to $2.98 range. Here, 863 million TON tokens are held by what appears to be a single entity.
This massive holding shows a disciplined accumulation pattern over multiple years. The wallet has remained untouched through various market cycles and price movements.
At the higher end, 261 million TON sit in the $3.83 to $3.87 range. These levels now serve as potential resistance zones for any upward price movement.
TON currently trades just 0.09% higher over the past 24 hours. The token’s technical setup shows converging moving averages, which often precede trend changes.
The 20, 50, 100, and 200-period simple moving averages all sit above the current price range. A break above the 200 SMA at $3.07 would confirm a shift in market structure.
Resistance Targets Come Into Focus
A successful breakout above $3.00 could open the door to higher resistance levels. The immediate targets would be $3.39, $3.60, and $3.90 in the short to medium term.
Longer-term resistance levels exist at $4.54, $5.39, and $5.83. These have previously acted as rejection points during past rallies.
The path to $4 would represent a 37% increase from current price levels. The $3.83-$3.87 zone represents the final major resistance before this target.
Volume patterns will be crucial for any sustained upward movement. Increased trading activity would support a breakout scenario above key resistance levels.
The current consolidation above $2.83 support suggests accumulation is taking place. This type of price action often precedes larger directional moves.
TON’s ability to hold current support levels while approaching converging moving averages creates a technical setup that favors the bulls. The cryptocurrency remains positioned above its most important support zone at $2.83.
