CandleFocus Toncoin Likely Stuck Below $6 Until the End of October – Here’s Why
2024-10-03
Author: Content Editor
The price of Toncoin (TON) has been experiencing a downturn, with failed attempts to secure $5.96 as a support level. The Ichimoku Cloud indicator suggests bearish momentum, indicating that TON may struggle to make significant gains and could remain under pressure. Large wallet holders have been selling TON, signaling growing concerns among investors. TON is currently trading below key support levels at $5.29, and if the selling pressure continues, it may drop further to $4.86. Reclaiming $5.37 as support could provide a boost for TON and potentially bring it closer to the $6.00 target.
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