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TON's current price ($1.271) sits in an extreme discount area after losing two-thirds of its market cap. Technically on the 1-hour (1H) and daily (1D) charts, selling pressure has subsided significantly, and the price has found a solid footing at the lower support zone boundary (around $1.2). Fundamentally, a massive bullish divergence is occurring behind the scenes; while the price looks sluggish, on-chain data from Santiment shows whales have accumulated up to 189,730 tokens over the past 3 months. This wealth transfer from panicked retail investors into institutional hands right at the price floor strongly validates a reversal scenario. This quiet accumulation is projected to soon trigger an upward price push to retest the nearest resistance zone in the $1.4 to $1.5 range over the next 7 days.
If macro market sentiment continues to deteriorate and the price fails to hold the psychological $1.200 support level, these accumulating whales could be forced to liquidate a fraction of their positions, risking a deeper correction.
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