Toncoin (TON) Navigates Key Levels as Market Sentiment Remains Divided
Toncoin (TON) gained 1.33% to $3.39 despite a 27.69% drop in trading volume, indicating cautious market activity. The cryptocurrency is currently caught between bullish technical indicators and bearish volume trends.
Weekly performance shows a 5.06% decline, highlighting the asset's volatility. Analysts point out that while the RSI shows a bullish reading of 59.41, MACD signals suggest weakening momentum, creating mixed signals for traders.
CryptoPulse reports that Toncoin is testing the $3.34 pivot point without clear directional conviction. The next move appears binary: either a breakout toward resistance levels at $3.89-$5.10 or a retreat below the $2.80 support level.