TON is trading at $1.80, stuck in a narrow range as technical signals send mixed messages. But beneath the surface, big money is leaning bullish: whale positioning shows 57.6% of large holders are long, suggesting smart money expects the token to push higher.
Whale positioning tilts long
Data on major wallet activity reveals a clear bias. With more than half of whale wallets holding long positions, the market's biggest players are betting on upward momentum. That doesn't guarantee a rally, but it does indicate where experienced capital is flowing. The current consolidation below $2 is what traders are watching — a breakout from that zone could trigger a move toward the next target.
The $2 resistance wall
The real battle line sits at $2. TON has been trading below that level for weeks, and each attempt to break through has met selling pressure. Consolidation beneath a round number like this often sets the stage for a sharp move — either a breakout or a failure. For now, the range is tight, and volume is moderate. A clean push above $2 would likely draw in momentum buyers and trigger stop-losses from short sellers, accelerating any upward move.
CoinCodex forecast points higher
Price prediction platform CoinCodex sees a possible target of $2.40 by June. That forecast aligns with the whale positioning data, but it's not a guarantee. The token needs to first clear the $2 resistance, and if it does, the path to $2.40 becomes more realistic. If it fails, the consolidation could stretch out longer.
For now, the market is watching for a catalyst — a volume spike, a protocol upgrade, or a broader crypto rally — to push TON through the $2 ceiling. Until then, it's a waiting game.
