Toncoin (TON) trades steadily at $2.89, defending crucial support at $2.83. Glassnode data reveals extreme supply concentration, with 863 million TON held by a single entity between $2.91-$2.98 – just above current prices. This whale has accumulated untouched through market cycles. The token faces converging moving averages overhead, with a break above $3.07 signalling bullish momentum. Key resistance levels are identified at $3.39, $3.60, and $3.83-$3.87. Holding $2.83 support suggests accumulation could precede a significant upward move.

source: CoinCentral

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