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.
![](https://public.bnbstatic.com/image/pgc/202407/0de1d6e6b11aed5c0d100bdbcc30a3c7.png)
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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