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Will Toncoin (TON) Bearish Trends Extend into 2025?
As the crypto market continues to navigate a tumultuous terrain, one token in particular has caught our attention – Toncoin (TON). Known for its scalable infrastructure and robust user base, TON has been struggling with bearish trends over the past six months. But what does the future hold? Will this bearish streak extend into 2025?
Data suggests that TON whales are offloading their positions, sparking a wave of selling pressure on the market. In fact, data from Santiment reveals that investors holding between 10 and 10,000 TON have sold over 890,000 TON coins since mid-2024. This development has led many to question the long-term potential of Toncoin.
The arrest of Telegram’s founder, Pavel Durov, in France has added fuel to the fire, further dampening sentiment around the token. Meanwhile, insiders predict a new phase is emerging for TON in 2025, marking an end to bearish patterns seen in previous years.
Despite this bearish sentiment, it appears that the Toncoin community remains optimistic about its future prospects. As highlighted in our recent article, some analysts forecast early 2025 price levels ranging from $9 to $13, while longer-term estimates predict a possible reach of $19.65.
It’s essential for investors to stay informed and adapt to market conditions as they evolve.
Source: http://www.crypto-news-flash.com
