The recent trajectory of $TON has been nothing short of remarkable. With its user base exploding from 4.3 million to 100 million in less than a year, TON has quietly become one of the most widely adopted cryptocurrencies. Yet, this massive growth in users hasn't been reflected in its price action - at least not yet.

Currently trading at $5.18, #TON has been in a gradual downtrend over the past two weeks. The RSI at 37.44 suggests we're approaching oversold territory, potentially setting the stage for a bounce. However, the MACD's bearish crossover hints at lingering downward pressure.

What's particularly intriguing is the disconnect between TON's explosive user growth and its relatively stagnant price. This divergence can't last forever. Either the price will catch up to reflect the expanding user base, or we'll see a cooldown in adoption rates.

The current price action is forming a descending channel, with strong support around the $5.00 mark. This level is crucial - a bounce here could signal the start of a reversal, while a break below might trigger a further selloff.