Toncoin is currently trading at $3.47 with a market cap ranging between $8.5 billion and $9 billion, making it one of the mid-sized cryptocurrencies. In recent days, Toncoin has recorded daily changes between -0.60% and +1.15% and achieved a weekly increase of about 4.45%.

$TON

Technically, the daily chart for Toncoin shows a descending triangle pattern, indicating potential downward pressure in the near term. Most technical indicators on short timeframes (1 hour, 4 hours, or daily) are giving sell signals, reflecting caution when trading at the moment.

Support and resistance levels play an important role in predicting price movement:

The main support is at $3.39, and breaking it could lead to a drop towards $3.20 or $3.18, with additional support at $2.70.

The nearby resistance at $3.60, and breaking through it could push the price to $3.98 or $4.20.

Other technical indicators show that the Relative Strength Index (RSI) is at 52.14, which is a neutral level that does not indicate overbought or oversold conditions. Short and medium-term moving averages give buy signals, while the long-term EMA200 at $3.54 gives a sell signal, reflecting a relative balance in the market. Daily trading volume ranges between $184.7 million and $425 million, supporting relative stability.

Short-term price forecasts indicate that the price may stabilize between $3.15 and $3.90.

Among the positive factors affecting Toncoin are large investments such as Verb Technology's investment of $558 million, as well as the currency's integration with the Telegram platform, which is expected to reach 30% of users by 2028. The risks include regulatory pressures and ongoing market volatility.

The general recommendation for traders is to monitor the mentioned support and resistance levels and wait for rebound signals supported by increased trading volume before making any buying decisions, allocating a small percentage of the portfolio (5-10%) and using stop-loss orders to reduce risks. Do not underestimate this matter.

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