Toncoin (TON) Holds $1.73, Eyes $3.11 Amid Cautious Market Sentiment
Toncoin (TON) is trading at $1.73, marking a 2.3% daily gain despite a significant 43.74% drop in trading volume to $69.8 million. The token has demonstrated relative stability over the past week, declining just 0.58% as investors adopt a cautious stance.
Analysts point to a 15% correction from recent highs, with a break in the RSI trendline signaling weakened bullish momentum. The neutral RSI reading at 50 leaves room for a potential technical rebound, but sustained upward movement lacks conviction. The 50-day Simple Moving Average (SMA) at $1.64 remains a critical support level—a breach could trigger further declines toward lower supports.