Toncoin's Troubles: Price Nosedives 6% in a Month đ
Toncoin (TON) is struggling to stay afloat, down 6% in the past month and currently trading at $5.19. The Telegram-linked token faces intense bearish pressure as buyer interest dwindles đŽ.
Technical Indicators Flash Red Warning Signs â ïž
Toncoin's price languishes below the Ichimoku Cloud, signaling a downtrend đ. The Aroon Up Line flatlines at 0%, indicating no new highs in sight đ. The Elder-Ray index also confirms seller dominance, posting a negative score of -0.11 đ.
Forecast: Double-Digit Drop Looms Ahead đ
If selling pressure intensifies, Toncoin may plummet 15% to $4.45, its next major support level đ.
Key Levels to Watch:
đ Support: $4.45
đ Resistance: $7.46
Investor Alert!
Keep a close eye on Toncoin's price movements and adjust your strategy accordingly. Will TON bounce back or continue its downward spiral? Share your thoughts! đŹ
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