Toncoin (TON) recently saw a remarkable breakthrough, shattering its month-long consolidation phase and providing a glimmer of hope for traders. The coin, which had been confined within a price range of $1.31 to $1.49, broke free from this range-bound pattern, but not without facing its share of challenges. During the consolidation phase, Toncoin exhibited multiple instances of attempting to breach the crucial $1.50 mark. These efforts sparked optimism among bullish market participants, hinting at a potential upward trajectory. Related Reading: Toncoin (TON) Throws Weight Around To Lead Weekend Top 20 With 22% Rally However, despite their persistence, the coin fell short of breaking through the psychological barrier and ultimately retreated below it. Toncoin Bears Stand Strong But Caution Persists The latest price data reveals that Toncoin reached $1.46, accompanied by a 4.7% rally in the past 24 hours and an impressive seven-day surge of 20.9%. While these numbers might appear promising, a deeper examination of market dynamics suggests a more cautious sentiment among traders and investors. Toncoin price action today. Source: Coingecko The enduring resistance from bearish market forces underscores the prevailing sentiment that t ..
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