Toncoin has been struggling with a 3.2% decline over the last 24 hours during a period of low volatility. This bearish momentum points to a potential $5 breakdown, influenced by geopolitical tensions in the Middle East and a potential death crossover between key EMAs.
Despite these challenges, there is a potential for a rebound as Toncoin buyers might be attracted to the cryptocurrency due to Telegram's newly launched 'Gift' feature. This development could play a significant role in driving Toncoin's price toward an $8 breakout.
Investors and stakeholders are closely watching whether this feature will be able to offset the current bearish pressures and spark renewed interest in the Toncoin market.
