Toncoin serves as the native token of the TON ecosystem and has multiple use cases. The token like other native tokens such as Solana (SOL) and Ethereum (ETH) has been doing well, as it experienced a notable price rise, especially with the launch of Notcoin (NOT) recently. Based on TON’s past price movements, the token has successfully formed a Double-Top chart pattern, which is typically followed by a price decline. With a 10% decrease in the past day’s trading volume to $152 million the price of TON is indicating a bearish trend. In the last 24 hours, TON was around -0.39% down with a market capitalization of about $15,52 billion and the price was trading around $6.44. TON, at the moment, is trading above the 1-day Simple Moving Average (SMA), but in the 4-hour time frame, it is trading below the range. Technical Indicators Point Toward Sustained Downtrend For TON From the 4-hour time frame, the price of TON is trading below the 100-day simple moving average, which is a clear sign that it might be poised for a bea ..
Support the originator by clicking the read the rest link below.
 Forms Double Top Pattern, Bearish Or Bullish?){kind=link}