Toncoin Tests Critical Support as RSI Signals Oversold Territory
Toncoin has endured a devastating drop over the past month, shedding 37.9% as the broader crypto market pullback combined with TON-specific concerns to trigger aggressive selling. The token now trades at $1.675, having tumbled from above $2.70 just weeks ago – a move that erased nearly three months of gains in rapid fashion. Telegram’s NFT integration and new fiat infrastructure partnerships provided some positive news flow, but these developments couldn’t stem the bleeding as on-chain metrics revealed deeper structural damage beneath the surface price action. The main question for traders is: has TON found a floor at current levels, or will the technical breakdown extend toward the $1.42 monthly low?