Toncoin (TON) Dips to $1.50 Amid 13% Weekly Slide, Eyes Key $1.45 Support
Toncoin (TON) continued its decline, trading at $1.50 with a market cap of $3.66 billion. Weekly losses hit 13%, indicating persistent bearish pressure. Trading volume held steady despite the drop, as investors watch the crucial $1.45 support level. A break below could lead to further declines, while consolidation might suggest accumulation is underway.
Analyst ROSE Premium Signals highlighted a rounded base pattern forming, with higher reaction lows above key support. The $1.45–$1.47 zone has repeatedly acted as a demand area, pointing to weakening bearish momentum. Accumulation NEAR range lows often precedes a spike in volatility. A rebound could target the psychological and technical level of $2.00, with a full breakout potentially driving TON toward $2.32.
