Analysis of Toncoin Price ($TON )

The Toncoin token, associated with 'Telegram', has become one of today's trending assets. It is currently trading at $2.87, down 2% in the last day.

On the daily chart, the Balance of Power (BoP) momentum indicator shows a decrease in demand for the altcoin. It stands at -0.59 and continues to fall. A negative BoP value indicates seller dominance, bearish sentiment, and downward pressure on the price.$FUN $BMT