The altcoin market has experienced increased volatility as the total crypto market cap, excluding Bitcoin and Ethereum, declines to $910 billion. Toncoin, in particular, has seen a significant drop of over 20% this month, marking its third consecutive bearish month. Concerns arise over further losses as the altcoin's valuation has dropped by 44%. However, Toncoin has stabilized above the $3.63 support level, trading at $3.81 with minor fluctuations indicating market indecision. The daily RSI line suggests a recovering rally, possibly hinting at trend exhaustion. The immediate resistance for Toncoin lies at the $4 psychological level and the 20-day EMA line, while a closing below $3.63 could trigger a test of the $3 psychological support zone. Additionally, the Bollinger Bands indicator on the 12-hour price chart reveals a visible squeeze forming as Toncoin consolidates, indicating the potential for a high-momentum move that could determine the altcoin's future direction.



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