Toncoin (TON) is experiencing price swings and mixed market signals. Traders are watching closely to see if a reversal is imminent as the price tests critical support and resistance levels. There has been an increase in trading volume and a slight decrease in open interest, suggesting a potential shift in market sentiment. Despite a 0.81% decline in the past 24 hours, Toncoin's market capitalization remains at $12.06 billion. The price has been volatile, ranging between $4.75 and $4.92, with strong selling pressure at the $4.92 resistance level. Support at $4.75 has proven critical, preventing further breakdowns. The long/short ratio indicates slightly more short positioning, which could lead to a short squeeze if resistance levels are broken. Traders are hedging their positions and preparing for potential price moves.



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