Toncoin (TON) is struggling to stay above $6.10, with a possible drop to $5 if it fails. Technical indicators are giving mixed signals and the market is bearish.
Investors are cautious, awaiting clearer signals about the direction of the trend. Despite the positive outlook at the start of the year, TON has experienced a significant decline and is now trading around $6.7, representing a loss of over 13%. This is due to a break below the long-standing trend support line, which increased bearish sentiment among investors. The nearest price range is 6.4-7.6$
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