$TON The $TON/USDC pair is showing negative signs after reaching a peak of 3.663 USDC. The current price is 3.434 USDC, but it had previously dropped sharply from the day's high.
Looking at the chart, after a strong rally, the price faced significant selling pressure, indicated by large red candles and high trading volume. Currently, EMA(25) and EMA(99) at 3.438 are acting as resistance levels. If the price cannot surpass this level, a further decline may occur.
RSI(6) is at 61.05, which means it is not in the overbought territory but also lacks clear upward momentum. If the price cannot hold above 3.400 USDC, it may continue to drop to lower support levels.