TONCOIN PRICE ANALYSIS & PREDICTION (March 3) – TON Stays Above $3 Amid Low Volatility But Posted Minor Gains Today
Last week, TON went through a short consolidation after bouncing off the monthly low. But things have drastically changed this week as the crypto continued to show signs of weakness following a 7% weekly drop. Ton advanced bearish this week and continued to show signs of weakness as it sees a double-digit loss in the past weeks of trading. Interestingly, the $3 level held well on Friday due to a rejection and the price retraced briefly. The price remains weak on the day, but trading supply appears low at the time of writing. An increase in the supply level could cause more drops. Looking back from where it started to drop two months ago, the price looks overstretched on the daily timeframe. A drop off the monthly low would confirm a continuation and, at the same time, position the market […]