Toncoin Consolidates Near Critical Support as RSI Signals Oversold Relief Bounce Potential
Toncoin’s price action tells a story of sustained selling pressure, with the token shedding 28.3% over the past week to trade at $1.586. The monthly performance paints an even grimmer picture – down 49.3% from recent highs, erasing months of gains in a matter of weeks. This devastating drop coincides with the $161M token unlock that hit the market, creating a supply overhang that bulls struggled to absorb. The main question for traders is: has TON found a reliable floor at $1.45, or does further downside await?