Toncoin price drops 3.37%, testing key level as whale activity and trading volume rise. Market outlook ahead.
witnessed a significant dip over the last 24 hours, with its price dropping by 3.37% to settle around $4.69 at press time.What the price charts show…Historically, this level had proven crucial by preventing deeper declines.
If the resistance level at $4.88 holds, we could expect a potential further decline to leverage the liquidation pool at $4.51. Further bearish pressure could trigger a deeper correction toward the $3.66 support level.Whale activity on the riseToncoin’s large transactions increased by 8.8% in the last 24 hours. This increased whale activity could signal institutional interest or significant sell-offs, potentially influencing TON’s short-term volatility.
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