The price of Toncoin (TON) has dropped by 5.81% in the last day, with most coins setting new local lows. The decline in TON is likely to continue if the daily bar closes far from the local support of $3.641, potentially reaching the $3.50 area. On a longer time frame, a bearish picture is observed, with a possible breakout of the interim level of $3.497 leading to a test of the important zone of $3 within a few days. Traders should closely monitor the closure of the candle in terms of the $3.599 level, as a bar closing below it and without a long wick may indicate further correction. Currently, TON is trading at $3.564.



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