Summary
TLDR: Toncoin (TON) price is declining due to bearish investor sentiment, with potential for further losses. Investors are preparing to sell, indicated by high profits and network data. The Price DAA Divergence indicator suggests a decline, with a predicted drop to $5.7 or $4.7 if support levels are broken. If support holds, price could bounce back to $6.5. Always conduct your own research before making financial decisions.
Key Points
1. Toncoin (TON) price is observing a slow decline that could extend further than anticipated owing to bearishness among investors.
2. The potential drawdown will mostly halt after the price hits a two-month low, which would result in falling below $5.
3. Toncoin Investors Prepare to Sell
– Toncoin’s price will mostly be noted to show a drawdown in the coming days as TON holders are going to move to sell their holdings. This is evinced by the high profits witnessed in the last couple of days.