📈 $$TON Price Prediction: 📉
Recovery May Be Delayed Toncoin’s price has increased by just over 8% in the past 48 hours, with a sharp surge observed yesterday. Currently trading at $5.53, the altcoin is attempting to defend the $5.49 level as support.
This is crucial for TON if it hopes to rebound from the 23% drop it suffered last weekend. However, the factors mentioned earlier could complicate this recovery, potentially keeping the altcoin below the $6.04 resistance level.
On the other hand, if investors turn optimistic due to the news of Durov’s release, demand could rise. This would propel TON beyond the $6.04 threshold, invalidating the bearish-neutral outlook.