The price of the cryptocurrency TON, also known as Toncoin, has been falling and has lost the critical support level of $5.00. The altcoin has been fluctuating between $5.00 and $6.00 since December 20, with the $5.00 support being broken three times by bearish momentum. However, each time the price dipped below $5.00, buyers stepped in and caused the altcoin to rise back above the support level. If the bearish momentum continues, TON may fall to a low of $4.00. Currently, TON is trading at $4.93 and is experiencing a downtrend indicated by the downward trending moving average lines. Long candlestick tails suggest strong buying pressure at low price levels. The resistance levels for TON are $6.00, $8.00, and $10.00, while the support levels are $5.00, $3.00, and $1.00. The altcoin has dropped below the moving average lines and fallen to the next support level of $4.00. It has been following a pattern of lower highs and lower lows. To reverse the current downtrend, TON would need to retrace and hold above the $4.00 level. This analysis and forecast are the personal opinions of the author and should not be considered as financial advice or an endorsement by CoinIdol.com. Readers are advised to conduct their own research before making any investment decisions.



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