Toncoin (TON) started its decline from $8.17. The resistance level was strong but the increasing negativity in the overall market sentiment also scared TON Coin investors. TON Coin was one of the few cryptocurrencies that remained strong last month. Despite the drop below $6.77, the bears have not succeeded in pushing it to a lower low. TON Coin price is likely to target the resistance again on a close above $7.09.
In a bearish scenario, the $6.36 and $5.25 levels are likely to be reached. Moreover, a close below $6.77 is likely to form a double top with a target of $5.25.
