CandleFocus TON Might Dip 17% in the Coming Weeks: Key Insights to Watch Inside
2024-10-05
Author: Content Editor
Toncoin (TON) is currently experiencing a 10% drop and is testing a crucial support level. Traders lack confidence in a recovery, with the funding rate remaining negative and many betting against TON. The Directional Movement Index (DMI) also shows sellers in control, adding more pressure to the downside. On the positive side, there has been a surge in daily active addresses for TON, reflecting increased user engagement. The price of TON is hovering near a critical support line, and if it holds, the token could rally. However, if buyers fail to defend this support, TON could experience a 17% drop, erasing hopes for a swift recovery. The future outlook for Toncoin remains uncertain, with negative signals and sellers dominating the market.
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