Declining Buying Pressure to Impact Telegram Coin Toncoin (TON) Price
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Toncoin (TON) reached a new all-time high last month but has since struggled to maintain momentum. Investor bullishness is waning, reflected in declining buying pressure and a significant drop in active addresses. The RSI indicates weakening market sentiment, suggesting potential sideways movement or a decline in price. Investors are adopting a cautious approach to protect gains, leading to lower market engagement and potential volatility. The price is consolidating between $7.07 and $7.53, with potential to drop to $6.50 or break out to a new high at $8.28 if bullish trends return.
Source: beincrypto.com ↗
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