Toncoin (TON), a cryptocurrency linked to Telegram, is currently experiencing a significant price drop. The price of TON is persistently trading below crucial support levels, a pattern mirroring the broader cryptocurrency market downturns.
This decline is increasingly evident through on-chain data, which consistently indicates a bearish trend. Such data sets a grim tone for potential recovery, casting doubt on the possibility of Toncoin rebounding to the $10 mark.
