$TON has experienced a slight decline of 2.29% in the last 24 hours, marking a volatile trading session.
The price fluctuated between a high of 3.044 and a low of 2.912, establishing strong support at 2.912 and resistance at 3.044.
Bollinger Bands indicate current price action is nearing the lower band, suggesting potential overselling.
Overall, the market trend appears to be downtrend, reflecting broader bearish sentiments in the cryptocurrency space.
Bitcoin's influence remains undefined for TON, indicating independent movements.
Given the volatility and downward trend, traders might consider a short-term strategy to capitalize on potential rebounds while remaining vigilant.
Key takeaway: Monitor macroeconomic factors as continued inflation and regulatory changes could further impact TON's trajectory.
