Toncoin (TON) Poised for a Short Squeeze: Here’s Why

Toncoin (TON) is exhibiting signals that suggest a potential short squeeze could be on the horizon. The positive open interest delta combined with a negative funding rate point to a scenario where short sellers might be forced to cover their positions, potentially driving TON’s price upward.

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Technical analysis indicates a potential upside target of $7.38, should the short squeeze materialize. However, it’s crucial to acknowledge that market dynamics can shift rapidly, and bearish sentiment could lead to a price drop towards $4.42.

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The current market conditions for TON create an intriguing landscape for traders and investors alike. Understanding the factors at play and monitoring key indicators will be essential for navigating this volatile period.