Toncoin Bulls Facing Pressure: Will Support Hold or Break?

Toncoin’s price currently hovers around the $3.06 level, experiencing a 18% decline in daily trading volume. This decrease coincides with a notable shift in the broader crypto market, impacting TON’s market cap to $7.62 billion. While Bitcoin and Ethereum trade around $106,300 and $2,500 respectively, Toncoin has exhibited modest gains of 1.18%. However, recent bearish trends have pushed Toncoin into a decline following a brief spike in the market.