$TON has seen a price decline of 2.444% over the last 24 hours, indicating a bearish sentiment.
Current trading is constrained between a high of 2.918 and a low of 2.813.
The Bollinger Bands suggest volatility is likely increasing, with the upper band at 2.921 and the lower at 2.806.
Support at 2.813 is crucial, while resistance at 2.913 remains untested.
The downtrend reflects macroeconomic pressures, potentially exacerbated by inflation concerns and regulatory scrutiny.
Bitcoin’s influence remains unpredictable, making correlations difficult to assess.
Given the market's volatility, a short-term trading strategy might be advisable for capturing potential rebounds.
Key takeaway: Monitor the support level at 2.813 closely; a break below could signal further declines.
