Toncoin (TON) faces significant hurdles in its price recovery, primarily due to a substantial sell wall and bearish market conditions. Currently, Toncoin trades at approximately $5.20, reflecting a 10% decline over the past week. This price also marks a 37% drop from its all-time high. Moreover, around 75% of Toncoin holders find themselves “out of the money,” as they purchased the asset at higher prices than its current valuation. Consequently, this situation raises concerns among investors regarding potential future price increases.
Sell Wall as a Major Barrier
A critical factor hindering Toncoin’s price is a sell wall identified at around $5.23. Approximately 5.33 million addresses hold 610.55 million tokens bought at this average price. This level represents a significant resistance point, as the price struggles to maintain upward momentum whenever it approaches this threshold. Investors should note that this sell wall creates challenges for any potential rallies.
Impact of Mean Dollar Invested Age (MDIA)

The Mean Dollar Invested Age (MDIA) also plays a crucial role in Toncoin’s performance. The MDIA measures the average age of tokens on the blockchain, weighted by purchase price. Recently, this metric has been rising, indicating that many tokens are becoming dormant. As a result, this stagnation complicates efforts for price recovery, as fewer tokens are actively traded.
Technical Analysis Indicates Bearish Trends

Currently, Toncoin trades below two important moving averages: the 20-day Exponential Moving Average (EMA) and the 50-day EMA. The bearish trend strengthens as the 50 EMA sits above the 20 EMA, signaling that sellers remain in control. If bears push the price below the support level of $5.12, it could lead to further declines, potentially down to $4.89.
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Conversely, if Toncoin manages to break above these moving averages, it may find resistance around $5.67. Should bullish momentum establish itself, the price could target $6.18.
In conclusion, Toncoin’s path to recovery remains obstructed by significant sell walls and bearish market dynamics. Investors must closely monitor these resistance levels and overall market sentiment to gauge potential future movements in Toncoin’s price effectively.
