Toncoin (TON) is at a crossroads!
Despite the recent selling pressure and bearish head and shoulders pattern, some investors are seizing the opportunity to accumulate more tokens at lower prices.
Whales are leading the charge, with data showing they've been buying the dip since Telegram CEO Pavel Durov's arrest.
However, smaller holders are losing confidence, and technical indicators like the Chaikin Money Flow and Parabolic Stop and Reverse suggest further price declines are possible. ๐
To avoid a dip to $3.76, TON bulls must defend the current support level and aim for a sideways trend before making a strong upward move.
Can they turn the tide? Only time will tell!
