According to a price analysis by Coinidol.com, the price of Toncoin (TON) has dropped below the moving average lines after reaching $7.20. The cryptocurrency has since risen above the $5.00 support but is approaching the 50-day simple moving average line, which could break the current uptrend. If TON falls below the 50-day SMA, selling pressure is expected to increase, potentially causing the price to drop to $3.65. TON is currently trading at $5.64. The altcoin is currently in an upward correction and will continue to rise as long as it stays above the moving average lines. Resistance levels are set at $6.00, $8.00, and $10.00, while support levels are at $5.00, $3.00, and $1.00. On the 4-hour chart, TON is rising and could reach $6.20, but may face rejection at this level. The altcoin will resume its uptrend if it stays above the moving average lines and breaks above the $6.50 resistance on the daily chart.



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