The current market trend for $TON is showing bearish signals. Recent analysis indicates that the price has been experiencing a downward trend, with technical indicators such as the Relative Strength Index (RSI) failing to surpass its average trendline. Additionally, a classic bearish reversal pattern known as the Head and Shoulders has formed, suggesting potential further downside.
However, some analysts believe that there might be a buying opportunity if the price reaches a strong support level around $4.7 to $3.73. This could present a good entry point for those looking to invest in the long term.
As for whether you should buy $TON now, it depends on your investment strategy and risk tolerance. If you are comfortable with the potential for short-term losses and believe in the long-term potential of Toncoin, you might consider buying at the support levels. Otherwise, it might be prudent to wait for more stable market conditions.