[TON could drop 17% in the coming weeks: Important insights to watch]
Toncoin (TON) has faced instability of late, with the price testing key support levels and falling 10% in the past week, with traders concerned about whether further losses are possible. TON’s funding rate is negative (-0.0068%), showing that the market lacks confidence in the price rebound, and more people choose to go short, increasing selling pressure. The Directional Movement Index (DMI) also shows sellers taking over, adding further downward pressure.
However, the good news is that the number of daily active addresses has grown significantly, rising to 3.8 million at the end of September, a significant increase from 2.2 million in August. TON is currently trading at $5.36, hovering near the support line it has held since March. If buyers can hold the support, the price is expected to rebound towards resistance at $7.96; if not, TON could drop 17% to $4.43.
Overall, TON is at a critical moment, with increasing selling pressure, accumulation of negative signals, and future trends full of uncertainty.
