bullish

Toncoin

<ul class="wp-block-list">
 <li>Toncoin faces a potential 17% decline, testing key support levels.</li>  
 <li>Negative funding rates and DMI show sellers dominating the market.</li>  
 <li>Buyers must defend critical support to prevent further price drops.</li> 
</ul>  
<p><a href="https://cryptonewsland.com/toncoin-ton-price-prediction/" target="_blank" rel="noopener noreferrer nofollow">Toncoin (TON)</a> is on shaky ground, testing a crucial support level. With a 10% drop over the past week, the token shows no signs of stabilizing. Many traders wonder: Will the price hold, or will it sink even further? Let’s break down why Toncoin could face another 17% drop soon.</p>  
<h2 class="wp-block-heading" id="h-bearish-signals-dominate-the-market">Bearish Signals Dominate the Market</h2>  
<p>Toncoin’s funding rate remains negative, sitting at -0.0068%. This means traders lack confidence in a recovery. Many are betting against TON, expecting a <a href="https://cryptonewsland.com/toncoin-analysis-resistance-support-sentiment/" target="_blank" rel="noopener noreferrer nofollow">further price decline</a>. When more traders short an asset, selling pressure increases.</p>  
<p>Think of the funding rate like a market thermometer. When it’s negative, the temperature drops, signaling a bearish outlook. Traders shorting TON reflect a pessimistic mood, making a rebound seem less likely.</p>  
<p>Further amplifying concerns, the <a href="https://corporatefinanceinstitute.com/resources/equities/directional-movement-index-dmi/" target="_blank" rel="noopener noreferrer nofollow">Directional Movement Index (DMI)</a> shows sellers in control. The index, which measures buying and selling pressure, places sellers firmly in the lead.&nbsp;</p>  
<p>The positive directional indicator lags behind the negative one, a clear signal of weakness. In this scenario, sellers are outmuscling buyers, adding more pressure to the downside.</p>  
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<p>On the brighter side, a surge in daily active addresses paint a bullish outlook for TON, as the above post highlights. CryptoQuant contributor IT Tech reported on X that Telegram's Open Network (TON) daily active addresses surged to 3.8 million in late September, up from 2.2 million in August.</p>  
<h2 class="wp-block-heading" id="h-will-buyers-step-up-again">Will Buyers Step Up Again?</h2>  
<p>Currently trading at $5.36, the <a href="https://coinmarketcap.com/currencies/toncoin/" target="_blank" rel="noopener noreferrer nofollow">price of TON</a> hovers near a critical support line that has held since March. Earlier in September, buyers managed to protect this level, keeping the token from a steep fall.&nbsp;</p>  
<p>If that happens again, TON could rally toward resistance at $7.96. However, if buyers fail to defend this support, the outlook worsens. A 17% drop would send TON to $4.43, erasing hopes for a swift recovery.</p>  
<p>Toncoin faces a critical moment, where every move feels like a tipping point. Negative signals keep piling up, and sellers continue to dominate. With the DMI showing sellers in control and the funding rate reflecting pessimism, the path forward looks uncertain.</p> 
<p>The post <a href="https://cryptonewsland.com/tons-price-might-dip-17-soon/" rel="noopener noreferrer nofollow">TON Might Dip 17% in the Coming Weeks: Key Insights to Watch Inside</a> appeared first on <a href="https://cryptonewsland.com" rel="noopener noreferrer nofollow">Crypto News Land</a>.</p>

TON Might Dip 17% in the Coming Weeks: Key Insights to Watch Inside

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