The price of Telegram-linked Toncoin (TON) has increased by 5% in the past 24 hours, accompanied by a 45% spike in trading volume. This rally aligns with the overall market momentum, as the global cryptocurrency market capitalization has increased by 10% over the same period. However, technical indicators suggest a potential bearish shift for Toncoin, with the Super Trend indicator showing a red line above the price, indicating a bearish bias. Additionally, the Parabolic SAR indicator confirms the bearish outlook. Toncoin is currently trading at $4.78 and is hovering just above a critical support level at $4.44. If bearish pressure increases, Toncoin could retreat towards this support zone. However, if the current uptrend remains strong, Toncoin may attempt to break through the resistance level at $5.21 and continue its rally towards $5.91.



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