Toncoin (TON) has narrowly dodged a significant 41% price drop. Market indicators now suggest a possible uptrend for the Telegram-linked coin.
Technical indicators, such as the Moving Average Convergence Divergence (MACD), are forming a double-bottom bearish divergence, hinting at potential price increases. The current market sentiment is stable, with low selling pressure from holders.
At the time of writing, Toncoin trades at $5.62. If it surpasses $6.04, this bullish outlook could strengthen, potentially pushing prices to $7.09. However, failure to breach $6.04 could lead to retracement to $4.80 or $4.29.
