๐ **Toncoin at a Critical Crossroad at $5.2!** ๐
Since June, **Toncoin (TON)** has been in a persistent downtrend, most recently hitting resistance at **$5.9**, which resulted in a 3% loss this week. Now, TON sits at a crucial **$5.2 support level**, showing potential signs of reversal. ๐
๐ฅ **Bullish Scenario:** If TON manages to hold this support and form a **higher low**, it could gear up for a breakout above **$5.9**, potentially shifting the trend to a bullish one. A move above this resistance would indicate the end of the downtrend, leading to new highs. ๐
โ ๏ธ **Bearish Risk:** However, if the price drops below **$5.2**, the bears could regain control, dragging the price back toward its **September low of $4.5**. ๐
๐ฎ **Outlook:** Toncoin has a strong chance to halt its downtrend, but the $5.2 support level remains the pivotal factor. A close watch on this level will determine whether TON can reverse or continue its downward movement. ๐
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