TonCoin: Reclaim $4.70 or Face a 45% Drop?
TonCoin is grappling with a market downturn and the recent arrest of Telegram CEO Pavel Durov. It is currently trading at $4.65, below a critical level that analysts say must be breached for a recovery.
Cryptocurrency analyst Ali Martinez stressed the urgency for TON bulls to reclaim the $4.70 mark. Failure to do so could trigger a 45% drop, taking TonCoin to around $2.60. Martinez noted that a head and shoulders pattern was forming on the three-day chart, indicating that bears could dominate if prices do not stabilize.
