The price of Toncoin has struggled to break through the resistance level of $5.37, resulting in bearish pressure and a loss of traction among investors. The adoption rate of Toncoin has dropped to a 10-month low, indicating a decline in new investors joining the network. This decline in adoption reflects waning interest in the project and may put further downward pressure on its price. The Relative Strength Index (RSI) is showing signs of a downtrend, and the overall market conditions for Toncoin are weak. The price is currently consolidated between the support level of $4.86 and the resistance level of $5.37, suggesting a lack of upward momentum. However, if Toncoin can break through the resistance level and gain enough bullish momentum, it could rally beyond $6.00 and shift the market sentiment.



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