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Toncoin (TON) Holds Steady Near $2.80 as Traders Watch for Breakout Potential
Toncoin (TON) Holds Steady Near $2.80 as Traders Watch for Breakout Potential
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[TRADE_PLUGIN]TONUSDT,TONUSDT[/TRADE_PLUGIN]
Toncoin TON News -
Toncoin (TON) is stabilizing following recent price swings, currently trading at $2.80 with a 1.5% daily increase. The cryptocurrency's market capitalization now sits at $6.92 billion with moderate trading volume.
Technical analysis shows a neutral-to-bullish outlook, with Bollinger Bands contracting around the current price level. A clear breakout above $2.85 could potentially trigger a retest of the key $3.00 resistance level.
The asset has demonstrated strength after correcting from its brief spike to $3.00 earlier this week. Current market structure shows balanced buying and selling pressure, suggesting volatility may increase after this consolidation period.
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