The price of Toncoin (TON) has been struggling to break above the $7.00 resistance level, leading to a slump in its price. The cryptocurrency has been trapped between moving average lines since December 9, with neither the bulls nor the bears able to break these lines. If the bears manage to break the 50-day SMA line, TON is expected to fall further to a low of $4.50. On the other hand, if TON breaks above the 21-day SMA, it will resume its uptrend. Currently valued at $5.93, TON is trading within a tight range between the 21-day SMA support and the 50-day SMA resistance. The presence of doji candlesticks has caused the price action to remain stationary.



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