The price of Toncoin (TON) has been steadily declining for the past four months, and there are no signs of a reversal. The recent price action suggests ongoing weakness and has raised concerns among investors. The network growth of Toncoin has also declined, indicating a decrease in market interest and diminishing confidence. The overall momentum of TON remains bearish, with the Average Directional Index (ADX) indicating a strengthening downtrend. Unless a reversal is triggered, TON may continue to face bearish pressures in the short term and could potentially reach new lows. However, a possible reversal could occur if TON manages to break above the downtrend line and establish new support.
- Content Editor ( beincrypto.com )
- 2024-10-27
Toncoin Price Decline Worsens as Network Growth Reaches 8-Month Low