Toncoin (TON) has experienced a significant price crash, falling to its lowest level since November 2021. This decline in price is accompanied by increased exchange inflows, suggesting that investors are selling off their TON coins. The number of TON coins burned daily has also been decreasing, indicating fewer coins being taken out of circulation. In contrast, the number of newly minted TON coins is on the rise, leading to an increase in annual inflation. This overall bearish trend is further supported by the low performance of popular tokens within the TON blockchain ecosystem. The price decline aligns with a symmetrical triangle pattern and a death cross formation, both of which are considered bearish indicators. Oscillators like the Relative Strength Index and the Money Flow Index are also showing downward trends. As a result, the price of TON may continue to drop further.



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