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21 October, 2024

Toncoin (TON) Price Slumps: Is a 17% Drop Imminent?

21 October, 2024

Toncoin (TON) is facing headwinds as investor demand falters. Despite potential undervaluation, the price is struggling to break through key resistance levels, raising concerns about a looming 17% decline.

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Analysts are closely watching TON’s price action, as a failure to overcome this resistance could trigger a significant sell-off. This development comes at a time when the broader crypto market is also experiencing volatility, adding to the pressure on TON.

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While some believe TON’s long-term prospects remain strong, the immediate outlook appears bearish. The question remains: Can TON overcome these challenges and attract renewed investor interest, or will it succumb to the downward pressure?