Toncoin is facing significant selling pressure, reflected by an 8.10% decline last month. Its trading volume on decentralized exchanges has dropped to a yearly low of 3.3 million USD, indicating waning interest in the asset. If it cannot hold support at 2.8 USD, further declines may follow.
The Relative Strength Index (RSI) currently at 44.21 indicates a bearish trend, while the Moving Average Convergence Divergence (MACD) reinforces seller dominance. Should interest not return, Toncoin risks losing crucial support levels and straying further from a bullish recovery.
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