$TON Toncoin Price Analysis
Toncoin (TON) started last week with volatility, dropping to $3.10 on Monday, June 2, before a slight recovery to close at $3.20. Tuesday saw a 1% dip to $3.18, followed by a further decline to $3.16 on Wednesday. Selling pressure peaked on Thursday, with a 4% drop below the 20 and 50-day SMAs, settling at $3.04. On Friday, TON rebounded nearly 4%, crossing back above the 20 and 50-day SMAs to end at $3.15.
Over the weekend, TON gained nearly 1% on Saturday but closed Sunday slightly lower at $3.17. The new week began bullishly, with a 4% rise on Monday to $3.30. Tuesday maintained momentum, up 1.20% to $3.34. Bearish sentiment emerged on Wednesday, leading to a 3% drop to $3.23. Thursday saw intensified selling, with a 4% plunge below the 20 and 50-day SMAs to $3.09. Currently, TON is trading around $2.95, down 4.36%, after recovering from a low of $2.90.
