{"id":637829,"date":"2024-08-26T14:30:27","date_gmt":"2024-08-26T14:30:27","guid":{"rendered":"https:\/\/shenyangcang.com\/?p=637829"},"modified":"2024-08-26T11:11:24","modified_gmt":"2024-08-26T11:11:24","slug":"toncoin-tumbles-to-4-6-as-bears-eye-further-decline","status":"publish","type":"post","link":"https:\/\/shenyangcang.com\/toncoin-ton\/toncoin-tumbles-to-4-6-as-bears-eye-further-decline\/","title":{"rendered":"Toncoin Tumbles To $4.6 As Bears Eye Further Decline, Will Support Hold?"},"content":{"rendered":"
Toncoin<\/span><\/a> is in a precarious position as it tumbles to $4.6, with bears eager to push prices even lower. With key support levels hanging by a thread, the big question on everyone\u2019s mind is whether the bulls can muster enough strength to defend it or if a further drop is on the horizon. <\/span><\/p>\n As uncertainty looms, the battle for $4.6 could determine whether Toncoin stabilizes or faces a deeper descent. <\/span>This article aims to analyze Toncoin’s recent drop to $4.6 and evaluate whether the current support level can hold against growing bearish pressure. It will explore potential scenarios, offering insights into what could happen next for <\/span>TON\u2019s price<\/span><\/a> trajectory.<\/span><\/p>\n In the past 24 hours, TON was trading near $5.64, marking a 4.67% increase. The cryptocurrency’s market capitalization has climbed above $14 billion, while trading volume exceeded $1.2 billion. The market cap saw a 5% boost during this period, whereas trading volume declined by 37.02%.<\/span><\/p>\n Toncoin\u2019s price, following a successful drop below the 100-day <\/span>Simple Moving Average (SMA)<\/span><\/a> on the 4-hour chart, recently experienced a brief pullback. It is now poised for another bearish move. This price action indicates that bearish momentum remains dominant, potentially pushing the price toward the next critical support level at $4.6.<\/span><\/p>\nMarket Sentiment: Are Bears Gaining Full Control Of Toncoin?<\/strong><\/h2>\n