- The strongest support of Toncoin is at the price range of $2.01 to $2.05, where 1.32 billion TON are held.
- Additional zones of $2.18 to $3.87 can either be resistance or support as determined by market direction.
- According to the heatmap provided by Glassnode, investors are quite active at these selected levels of TON price.
Toncoin (TON) could be establishing crucial support levels, as it was pointed out in a recent analysis posted by blockchain data provider Glassnode. Glassnode published a post with significant information on the history of TON investors in terms of purchasing and retention of coins.
This data, also known as cost basis distribution, indicates the price levels at which huge quantities of TON were purchased and may be used to determine support or resistance on the market.
Source: X
Also Read: Toncoin Faces Steep Decline as Technical Breakdown Sparks Bearish Outlook
The information indicates four major price areas where investors concentrate their holdings. The most is the range of $2.01-2.05, where around 1.32 billion TON is stored. This is what makes it the largest support zone because many investors had purchased at that level and might not want to sell below that.
This range may also serve as a potent floor in case of a further price decline.
$2.18–2.22 Zone Shows Moderate Support with 535M TON Held
Other important clusters include $2.18–$2.22, which accounts for 535 million TON, $2.91–$2.98 with 863 million TON, and $3.83–$3.87, where 261 million TON is held. These zones are not as strong as the first, but they still show the price ranges where investor interest has been high.
Each of these levels may now act as support or resistance depending on market direction. For example, if TON moves up, these higher levels could become obstacles. If it moves down, they might offer some stability.
Glassnode Says Toncoin Buyers May Hold or Sell at Key Levels
The heatmap shared by Glassnode gives a visual overview of these zones. The chart covers the TON price trend from mid-2023 to mid-2025. Areas of high investor activity are shown in brighter colors, while darker areas indicate less supply concentration.
The $2.01–$2.05 zone stands out clearly as a dense cluster, signaling it as a likely area of strong support in the future. The current TON price action appears to be moving around these levels, making the data especially relevant for traders.
Also Read: Toncoin (TON) Trades at $2.98 as Bulls Eye Breakout from Sideways Trend