Toncoin Price Risks $4 Breakdown as Network Growth Stalls

WikiBit 2024-11-06 05:39

Toncoin price has retreated by 44% from the year-to-date high, and is at risk of further downside. TON may continue falling as popular cryptocurrencies in

Toncoin Price Pressured as Network Growth FadesTON Price Analysis Shows Weak Technicals

Frequently Asked Questions (FAQs)

It has moved to an important support level at $4.50, and its network is seeing sluggish growth. A drop below that support will invalidate the double-bottom pattern and lead to more downside.

The key support and resistance points for Toncoin are the psychological point at $4 and the resistance point at $6.15, the neckline of the double-bottom.

Toncoin has never recovered after Pavel Durovs arrest. It is also falling amid weak on-chain metrics in the network.

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