TON's Toncoin Shows Signs of Potential Price Uptrend

Toncoin, the native cryptocurrency of the Telegram Open Network (TON), has shown signs of a potential price uptrend in recent weeks. Short-term holder losses have significantly declined, indicating a shift in sentiment and a move towards profitability. This trend could boost market confidence and attract fresh capital, fueling sustained price momentum for TON.

Between February 3 and 21, 1-week holder losses dropped from -21% to -3.8%, while 3-month holder losses fell from -33% to -29.3%. This steady improvement suggests a potential recovery phase, as short-term capitulation slows down. Historically, shrinking short-term losses have preceded bullish reversals, signaling that holders are regaining confidence and shifting away from panic-selling.

Further analysis of TON's 1-hour Binance chart displayed Fibonacci retracement levels, showing price support at $3.5424 (0.786 level) and resistance near $3.7092 (0 level). A successful reclaim of 0.618 ($3.6258) could validate a bullish continuation. Meanwhile, the MACD indicator revealed a bullish crossover, with the MACD line crossing above the signal line and a growing green histogram confirming a hike in momentum. Together, these indicators suggest that TON may be recovering, with key resistance tests ahead.

A look at TON's break-even price data revealed that at press time, 89.7% of holders were in profit, while 9.5% remained out of the money. The minimal at-the-money segment (0.79%) suggested that most positions were well-established in profit. Historically, such a structure has supported bullish sentiment, as profitable holders are less likely to sell aggressively. However, resistance zones near $4.76 and above could act as a barrier if buying momentum fades.

TON's daily active addresses chart showed a 7-day hike of 10.67%, while new addresses surged by 42.22%. This uptick in new participants hinted at growing network adoption, which historically strengthens price stability. Additionally, zero-balance addresses rose by 58.14%, indicating possible wallet activity where traders consolidated or moved funds. This trend could mean that previously inactive wallets have been re-eng