$TON shows both bullish and bearish signs: What’s ahead for TON? - AMB Crypto Analytics

Toncoin (TON) has dropped from recent highs of $8 to $5.51, with mixed signals from both on-chain and technical indicators. Network growth is up 9.03%, showing rising interest, but without strong buying pressure, this may not reverse the downtrend. Whale accumulation has risen by 0.60%, showing confidence, but a 0.37% decline in large transactions signals caution.

Technically, the RSI is at 41.82, nearing oversold territory, suggesting a possible short-term bounce. Bollinger Bands show consolidation, with the price near the lower band at $5.43, indicating potential support.

Despite the price drop, trading volume is up 7.92%, suggesting possible upcoming volatility. While indicators like network growth and whale activity are positive, mixed technical signals suggest the market is at a critical point.