Should You Capitalize on the Slump? Toncoin Approaches Crucial Point as Significant Agreement is Imminent

Toncoin is currently trading around $3.19 after experiencing a 7% weekly decrease. This retreat from the $3.70 mark has landed it into a support range between $3.30 and $3.20, a zone known for past price reversals. Analysts suggest that if the price holds, we may witness a short-term recovery. Additionally, MACD and RSI indicators indicate that the selling pressure might be declining, hinting at a potential price reversal.

In a significant development, Verb Technology is rebranding to TON Strategy Co. (TSC), backed by $558M from a private placement of 58.7 million shares. This funding will primarily support a reserve of Toncoin. The deal is expected to close by August 7, 2025, marking a change in focus towards Toncoin from other tokens like Bitcoin or Ethereum.